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June 16, 2020

Health Law Daily

CMS To Relax Enforcement Of Medical Loss Ratio Report Due To Pandemic

  • June 16, 2020

Healthcare Finance News (6/16, Morse) reports the CMS “is relaxing enforcement of the Medical Loss Ratio report due to COVID-19.” Healthcare Finance News adds, “As a result of the updated 2019 Benefit Year Risk Adjustment timeline, which is used in medical loss ratio calculations, issuers may require additional time to complete and submit the 2019 MLR Annual Reporting Form, CMS said.” Consequently, CMS “will not take enforcement action against an issuer that submits the 2019 MLR Annual Reporting Form by August 17, instead of July 31, as is usually required.”