NEWS FLASH
Senators Introduce Bill To Beef Up Regulations Of Medigap Plans | Via Politico’s Pulse: “Rep. Pete Stark and Sen. John Kerry are introducing companion bills today that would apply the health care law’s new medical loss ratio rules to private Medigap plans. Currently, Medigap plans have a 65 percent MLR requirement for the individual market and a 75 percent requirement in the large group market.” Under the proposed legislaiton, they would be required to spend 80 percent of premium dollars on medical care in the individual market, and 85 percent in the large group market. Seniors purchase Medigap plans to fill the “gaps” between what Medicare plan covers and what the beneficiary will have to end up paying.
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