††††† 105 KAR 1:360. Health and hospital insurance.
††††† RELATES TO: KRS 61.702
††††† STATUTORY AUTHORITY: KRS 61.645(9)(g)
††††† NECESSITY, FUNCTION, AND CONFORMITY: KRS 61.702 provides for health and hospital insurance for eligible retirees, spouses, dependents, and beneficiaries. This administrative regulation establishes procedures for the administration of health and hospital insurance benefits.
††††† Section 1. The recipient of health and hospital insurance whose premium exceeds the recipientís monthly benefit allowance shall be billed by the retirement systems on a monthly basis for the balance of insurance premiums.
††††† (1) Payment by the recipient for the balance of insurance premiums for insurance coverage effective that month shall be received at the retirement systems no later than day twenty-five (25) of the month.
††††† (a) The recipient may pay for the balance of insurance premiums by check from a financial institution; or
††††† (b) The recipient may pay for the balance of insurance premiums by monthly automatic electronic transfer of funds by completing and filing a Form 6131, Bank Draft Authorization for Direct Pay Accounts.
††††† (2) Failure by the recipient to make timely payment for the balance of insurance premiums shall result in cancellation of insurance coverage effective the month payment is due, and the recipient shall not be eligible until the next open enrollment period for insurance coverage.
††††† Section 2. Incorporation by Reference. (1) Form 6131, "Bank Draft Authorization for Direct Pay Accounts", 5/08 is incorporated by reference.
††††† (2) This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Kentucky Retirement Systems, Perimeter Park West, 1260 Louisville Road, Frankfort, Kentucky 40601, Monday through Friday, 8 a.m. to 4:30 p.m. (29 Ky.R. 837; eff. 11-12-02; 35 Ky.R. 127; Am. 544; eff. 10-3-08.)