While there were many uncertainties on election night this November, we did learn that Colorado voters passed Proposition 118 for Paid Family and Medical Leave. The new law will require employers state-wide to provide 12 weeks of paid time off for certain family situations beginning in 2024. 

The Medical Loss Ratio obligations under the ACA cap the percentage of premium dollars health insurers may use for administration, marketing, and profits. If a health insurer collects more than the allowed amount for these spending categories, they must provide a rebate to affected groups. A few of the medical carriers have recently sent out Medical Loss Ratio (MLR) rebates, so it’s important to know what can be done with that money. If employees paid any portion of the monthly premiums, employers will likely need to share the rebate with them.