Benefits Guy blogger (and FoIB) Patrick P reports that it’s going to cost one of his clients more in payroll updates and accounting fees than the value of the MLR rebate they actually received.
Here's a taste:
Here's a taste:
"Taking the Arizona employee we were able to come up with the following calculation of his premium rebate: Total rebate is $17.85. Through the end of August they will have already had 18 pay runs of the 26 total. With 8 remaining pay runs it works out to the employee having a reduction in insurance premium contributions of $2.23 per pay."
Read the whole thing to see how ridiculous the process turns out to be.
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