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8a-454
8A.454 HEALTH INSURANCE ADMINISTRATION FUND.
1. A separate, special Iowa state health insurance administration
fund is created in the state treasury under the control of the
department. The fund shall consist of all moneys deposited in the
fund from proceeds of a monthly per contract administrative charge
assessed and collected by the department. Moneys deposited in the
fund shall be expended by the department for health insurance program
administration costs. Notwithstanding section 12C.7, subsection 2,
interest or earnings on moneys deposited in the fund shall be
credited to the fund.
2. A monthly per contract administrative charge shall be assessed
by the department on all health insurance plans administered by the
department in which the contract holder has a state employer to pay
the charge. The amount of the administrative charge shall be
established by the general assembly. The department shall collect
the administrative charge from each department utilizing the
centralized payroll system and shall deposit the proceeds in the
fund. In addition, the state board of regents, all library service
areas, the state fair board, the state department of transportation,
and each judicial district department of correctional services shall
remit the administrative charge on a monthly basis to the department
and shall submit a report to the department containing the number and
type of health insurance contracts held by each of its employees
whose health insurance is administered by the department.
3. The expenditure of moneys from the fund in any fiscal year
shall not exceed the amount of the monthly charge established by the
general assembly multiplied by the number of health insurance
contracts in effect at the beginning of the same fiscal year in which
the expenditures shall be made. Any unencumbered or unobligated
moneys in the fund at the end of the fiscal year shall not revert but
shall be transferred to the health insurance premium reserve fund
established pursuant to section 509A.5.
4. This section is repealed July 1, 2010. Section History: Recent Form
2003 Acts, ch 145, §79; 2007 Acts, ch 115, §9, 18; 2009 Acts, ch
181, §34, 36
