CMS extends MLR rebate deadline for certain health insurers

The Centers for Medicare & Medicaid Services Friday extended the deadline for certain health insurance issuers to distribute medical loss ratio rebates to enrollees. The one-month extension applies to issuers that CMS asked to validate and reconcile their risk corridors results, or revise and resubmit their 2014 MLR and risk corridors reporting forms. “As a result, and in recognition of the fact that there may be instances where these issuers will be unable to distribute rebates for the 2014 reporting year by the MLR regulation deadline of Sept. 30, 2015, CMS will not find such an issuer to be out of compliance with the MLR rebate deadline for the 2014 reporting year if the issuer disburses any and all rebates for the 2014 reporting year by Oct. 30, 2015,” the agency said.