Missouri SB1596 establishes requirements for dental insurance plans to report their dental loss ratio and provide rebates to enrollees.
Missouri SB1596 mandates that dental insurance plans report their dental loss ratio, which is the percentage of premiums spent on patient care rather than administrative costs. Dental plans must file these reports with the Department of Commerce and Insurance by March 1 each year. The bill also requires dental plans to provide annual rebates to enrollees if the dental loss ratio is below 85%. Failure to rebate as required is considered an unlawful practice. The definitions and terms used in the reports align with federal standards.
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