Healthcare

HB 2805 establishes minimum medical loss ratio (MLR) requirements for dental benefit plans in Oklahoma, requiring insurers to spend at least 85% of premium revenue on actual dental care (not overhead) for large group plans and 80% for individual/small group plans. If insurers fail to meet these ratios, they must issue annual rebates to enrollees calculated as the shortfall multiplied by total premium revenue (excluding certain fees). The bill also mandates annual MLR reporting to the Oklahoma Insurance Department by calendar year, with public data disclosure, and requires insurers to file dental rate changes by July 1 for January 1 effective dates. It does not apply to Medicaid plans and takes effect January 1, 2028, for rebate implementation.