New Jersey S4662 mandates annual reporting of dental loss ratio data by dental insurance carriers, sets minimum thresholds, and requires rebates to.
New Jersey S4662, known as the "Transparency for Dental Health Care Costs Act," requires dental insurance carriers to submit annual reports on dental loss ratio data to the Commissioner of Banking and Insurance. The bill sets minimum dental loss ratio thresholds: 85 percent for large group dental plans and 83 percent for individual and small group dental plans. If a carrier fails to meet these thresholds, it must provide rebates to policyholders.
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