Creating Transparency and Accountability in Dental Services Act requires annual reporting of dental loss ratios.
The Creating Transparency and Accountability in Dental Services Act mandates annual reporting of dental loss ratios by carriers. Dental loss ratios are calculated by dividing the amount spent on patient care by the total premium revenue. The act requires carriers to file annual reports with the Mississippi Insurance Commissioner by June 30th. The commissioner must then post the dental loss ratio on the department's website by December 1st of each year. The act excludes Medicaid, the Mississippi Children's Health Insurance Program, and other state-sponsored plans.
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