Health Care and Life Sciences > Health Reform Resource Center > IRS Describes Procedure for Changing Accounting Methods for Insurers who Fail to Meet MLR
28 Dec '10

On December 27, 2010, the Internal Revenue Service (IRS) outlined how Blue Cross and Blue Shield organizations and other health insurers described in Section 833(c)(3) of the Internal Revenue Code who fail to meet the medical loss ratio (MLR) requirement in the Patient Protection and Affordable Care Act may get automatic consent to change their accounting methods for unearned premiums.  The IRS also discussed companies that meet the MLR requirement after failing to meet that requirement in a prior taxable year.  Notice 2011-4 will appear in Internal Revenue Bulleting 2011-2 on January 10, 2011.