3.0.0 1416 2023-01-11T13:22:36Z 2023-01-11T13:22:36Z Senate S S 2011-07-26 112 ssfi00 Finance Committee Senate Standing Referred to 2011-07-26T16:04:22Z Medigap Medical Loss Ratio Improvement Act 112 2645 HR 2011-08-01 Referred to the Subcommittee on Health. Related bill CRS 2011-07-26 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-07-26 Sponsor introductory remarks on measure. (CR S4912) IntroReferral B00100 9 Library of Congress 2011-07-26 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2011-07-26 True Health Health care costs and insurance Medicare Health 00 2011-07-26 Introduced in Senate 2011-10-03T16:23:34Z Medigap Medical Loss Ratio Improvement Act of 2011 - Amends title XVIII (Medicare) of the Social Security Act with respect to Medicare supplemental (Medigap) policies to increase the minimum loss ratio required of such policies. (A loss ratio is the ratio of total losses paid out in insurance claims, plus adjustment expenses, divided by the total earned insurance premiums.)

Prohibits the issuance or renewal of a Medigap policy in any state unless the policy can be expected to return to policyholders in the form of aggregate benefits: (1) at least 85% (currently 75%) of the aggregate amount of premiums collected in the case of group policies, and (2) at least 80% (currently 65%) in the case of individual policies.

]]> Medigap Medical Loss Ratio Improvement Act of 2011 Display Title Medigap Medical Loss Ratio Improvement Act of 2011 Official Title as Introduced A bill to amend title XVIII of the Social Security Act to increase the minimum loss ratio required of Medigap policies. Introduced in Senate IS Short Titles as Introduced Medigap Medical Loss Ratio Improvement Act of 2011 Introduced in Senate 2011-07-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1416is/xml/BILLS-112s1416is.xml 2011-07-26 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.