Arkansas Administrative Code
Agency 234 - Department of Transformation and Shared Services
Division 07 - Employee Benefits Division
Rule 234.07.24-001 - Voluntary Products
Universal Citation: AR Admin Rules 234.07.24-001
Current through Register Vol. 49, No. 9, September, 2024
1.0 AUTHORITY
1.01 These rules shall be known as the
Department of Transformation and Shared Services Employee Benefits Division
Rules Governing Voluntary Products.
1.02 These rules are promulgated pursuant to
Ark. Code Ann. §
21-5-905 and Ark. Code Ann. §
25-15-201
et
seq.
2.0 PURPOSE
The purpose of these rules is to implement Ark. Code Ann. § 21-5-904 regarding the administration of voluntary products.
3.0 DEFINITIONS
3.01 EBD means the Department of
Transformation and Shared Services, Employee Benefits Division.
3.02 Voluntary Products means any individual
or group policy and other employee benefits that are wholly paid for by the
employee, including without limitation those policies and benefits provided by
the Arkansas State Employees Association, Inc., or a designee of the Arkansas
State Employees Association, Inc., that develops and administers a cafeteria
plan under Ark. Code Ann. §
21-5-405(d).
4.0 VOLUNTARY PRODUCTS OFFERINGS
4.01 All state
employees shall be offered the opportunity to participate in a cafeteria plan
for Voluntary Products during their new hire eligibility period and during the
annual open enrollment.
4.02 The
Arkansas State Employees Association, Inc., shall offer education and
information to each employee regarding the available Voluntary Products
annually during open enrollment and to new hires throughout the year.
5.0 VOLUNTARY PRODUCTS CONTRACTS
5.01
The Arkansas State Employees Association, Inc., shall develop and administer a
cafeteria plan for Voluntary Products on behalf of eligible state
employees.
5.02 All Voluntary
Products shall be contracted through a competitive sealed bidding process.
5.02.1 The Arkansas State Employees
Association, Inc., shall ensure the selection of Voluntary Products offer the
best combination of benefits and pricing available.
5.02.2 The Arkansas State Employees
Association, Inc., shall provide EBD a report of all competitive bids including
the procedures followed and selection process.
5.02.3 No Voluntary Product contract,
including amendments and extensions, shall exceed seven (7) years without being
competitively rebid.
5.03 The Arkansas State Employees
Association, Inc., shall present all new contracts and amendments to existing
contracts for Voluntary Products to the State Board of Finance and the Employee
Benefits Oversight Subcommittee of the Arkansas Legislative Council.
5.04 Any material changes to Voluntary
Products contracts shall be reported to the State Board of Finance and the
Employee Benefits Oversight Subcommittee of the Arkansas Legislative
Council.
6.0 COORDINATION WITH THE EMPLOYEE BENEFITS DIVISION
6.01 To ensure
continuity of service to state employees, the Arkansas State Employees
Association, Inc., shall coordinate with the EBD on issues regarding, but not
limited to billing, employee management, record keeping, and information
sharing.
6.02 The Arkansas State
Employees Association, Inc., shall meet with the EBD quarterly.
6.03 The State Board of Finance shall resolve
any disputes between the Arkansas State Employees Association, Inc. and EBD
regarding voluntary products. These disputes shall be exempt from the
Administrative Procedures Act, Ark. Code Ann. §
25-15-201
et
seq.
7.0 SEMI-ANNUAL REPORTING
7.01 The Arkansas State Employees
Association, Inc., shall submit to the Employee Benefits Oversight Subcommittee
of the Arkansas Legislative Council a semiannual report that includes:
7.01.1 A summary of the Voluntary Products
offerings, including the contract, pricing, and number of participants for each
offering; and
7.01.2 A financial
analysis report for each offering, including premiums paid by state employees
and additional fees and expenses, if any.
Disclaimer: These regulations may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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