HB 2805
Dental benefit plans; creating the Medical Loss Ratios for Dental (DLR) Health Care Services Plans Act; definitions; formula; reporting to Insurance Department; data verification; rebate calculation; rates; effective date.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes a system for regulating dental benefit plans in Oklahoma to ensure a portion of premiums are used to cover healthcare costs and patient care. It creates a ‘Medical Loss Ratio’ (MLR) specifically for dental plans, requiring insurers to allocate a certain percentage of their revenue towards these expenses. The bill outlines how insurers will report data to the Insurance Department, verify accuracy, calculate rebates to consumers if MLR targets aren't met, and sets rules for rate increases and plan rates. It aims to increase transparency and consumer protections within the dental insurance market.
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