Massachusetts has become the first state to enforce a dental insurance rebate requirement, ordering six insurers to return $8.4 million to consumers after they failed to meet the state's dental loss ratio (DLR) standard, Gov. Maura Healey's administration announced.
The rebates are part of $14.5 million being returned to health and dental insurance consumers and businesses. Blue Cross and Blue Shield of Massachusetts, Guardian, Harvard Pilgrim, Reliance Standard, Standard Insurance Company, and Starmount Life Insurance Company are issuing the rebates, which will vary by carrier and premiums paid.
Massachusetts voters approved the DLR law, which requires insurers to spend at least 83% of adjusted premium revenue on patient care, in 2022. Thirteen additional states have since adopted similar DLR requirements.
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