Duluth, GA (PRWEB) September 05, 2012
HR Strategies recently sent letters to many of their clients, employees, and COBRA participants explaining that many client employers of HR Strategies had qualified and would be receiving a rebate for medical insurance premiums paid in 2011. The medical loss ratio (MLR) for Humana, whom HR Strategies has the majority of their group medical insurance with, for the state of Georgia, had not met the 85/15 ratio standard prescribed by the New Affordable Care Act; thus resulting in the rebate from 2011 medical insurance premiums.
Most groups qualifying for these rebates were large groups; in a small group environment, the claims pool is dispersed among a lesser number of enrollees. In the State of GA, most small groups did not qualify for rebates since the medical loss ratio was met. However, since HR Strategies and many of their client companies are in a co-employer relationship they become part of a large group employer. If the clients’ plan was a stand-alone plan, the client and their worksite employees may not have received a rebate.
The rebates for medical insurance premiums paid, are just one of the many new facets in healthcare reform. HR Strategies Quarterly Management Training Seminar being held on September 14th, 2012, will focus on the various aspects of PPACA/Healthcare Reform. The session will discuss how the healthcare reform affects small and large employers, and how to best prepare for the upcoming changes.
About HR Strategies
HR Strategies provides the customizable HR solutions (including but not limited to payroll, benefits, workers compensation, tax administration, regulatory compliance, HR consulting, training solutions) and expertise of a large corporation's personnel department in an affordable and effective solution. HR Strategies enables clients to reclaim time, stabilize and reduce labor costs, and stay compliant with government regulations.