|
|
Court OpinionsState LawsUS CodeUS Constitution |
Health insurance premium assistance program - 24 Pa. Cons. Stat. § 8509Legal Research Home > Pennsylvania Statutes
§ 8509. Health insurance premium assistance program.
(a) Contribution rate.--Effective July 1, 1991, the premium
assistance contribution rate established in section 8328(f)
(relating to actuarial cost method) shall be sufficient to
provide reserves in the health insurance account as of June 30,
1992, for the payment of premium assistance set forth in
subsection (b) during the fiscal year beginning July 1, 1992,
for all eligible annuitants who by that date elect to be
participating eligible annuitants and all additional eligible
annuitants who elect to be participating eligible annuitants in
the health insurance premium assistance program during the
fiscal year beginning July 1, 1992. For each fiscal year
beginning after July 1, 1991, the premium assistance
contribution rate shall be established to provide reserves
sufficient, when combined with unexpended amounts from the
reserves set aside the previous fiscal year for health insurance
assistance payments, to provide premium assistance payments in
the subsequent fiscal year for all participating eligible
annuitants. The board is authorized to expend an amount not to
exceed 2% of the health insurance account each year to pay for
the direct expense of administering the health insurance premium
assistance program, which expenditure may be included in the
board's consideration when it establishes the premium assistance
contribution rate each year.
(b) Amount of premium assistance.--Participating eligible
annuitants shall receive premium assistance payments as provided
in paragraphs (1) and (2). Such payments shall be made by the
board to the participating eligible annuitants for their payment
directly to their approved insurance carriers. Such payments may
also be paid by the board, at the board's discretion, directly
to the participating eligible annuitants' approved insurance
carriers. The board shall have the right to verify the
application and receipt of the payments by the participating
eligible annuitants and their approved insurance carriers. The
premium assistance payments are as follows:
(1) Effective July 1, 1992, $55 per month or the actual
monthly premium, whichever is less.
(2) Effective January 1, 2002, $100 per month or the
actual monthly premium, whichever is less.
(c) Participating eligible annuitants.--An eligible
annuitant may elect to participate in the health insurance
premium assistance program by filing an election to be covered
by a health insurance carrier approved by the board and to
participate in the health insurance premium assistance program.
Participation in the health insurance premium assistance program
shall begin upon the effective date of the health insurance
coverage provided by a health insurance carrier approved by the
board, but in no event before the effective date of retirement.
(Aug. 5, 1991, P.L.183, No.23, eff. imd.; Apr. 29, 1994,
P.L.159, No.29, eff. imd.; May 17, 2001, P.L.26, No.9, eff.
imd.)
2001 Amendment. Act 9 amended subsec. (b).
1991 Amendment. Act 23 added section 8509. Section 32 of Act
23 provided that if the health insurance program established
under Act 23 is canceled by statute, any remaining funds shall
revert to the Public School Employees' Retirement Fund.
Cross References. Section 8509 is referred to in sections
8326, 8328, 8502.2, 8526, 9101 of this title.
Section: Previous 8502 8503 8504 8505 8506 8507 8508 8509 8521 8522 8523 8524 8525 8526 8527 Next
Last modified: November 27, 2007 |