Health Insurance Reserve Fund

Section 2210.710  Health Insurance Reserve Fund a)         All contributions, appropriations, interest, dividend payments, and all other revenues arising from the administration of the Program shall be deposited into HIRF. b)         The Director shall direct all expenditures from HIRF. Such expenditures shall be only for one or more of the following purposes: 1)         Payment of administrative expenses incurred by the Department for the Program; 2)         Payment of administrative expenses incurred by a Plan Administrator; 3)         Payment of monthly premiums owed to Health Maintenance Organizations or other vendors administering a plan on a fully-insured basis; 4)         Payment to claimants or providers for health benefits; 5)         Payment of medical expenses incurred by the Agency for the treatment of Employees who suffer accidental injury or death within the scope of their employment; 6)         Refunds to Employees for erroneous payment of their elected coverage; 7)         Payment of premium for stop-loss or re-insurance; 8)         Payment of adoption program benefits, if any; and 9)         Payment of other benefits offered to Members and Dependents under the Act.