Ohio Administrative Code
Title 123:1 - Division of Human Resources
Chapter 123:1-71 - Health Benefit Fund
Section 123:1-71-05 - Ensuring the integrity of the fund
Universal Citation: OH Admin Code 123:1-71-05
Current through all regulations passed and filed through September 16, 2024
(A) The director files annually, by the first day of March, a complete report of the state employee health benefit fund for the preceding fiscal year with the governor, the general assembly, and the superintendent of insurance. The report will include, but not be limited to, the following information:
(1)
A detailed
financial statement of the fund;
(2)
Expenses incurred
pursuant to section 124.87 of the Revised Code so
that the cost of the fund can be determined and identified;
(3)
Assets and liabilities;
(4) Income and
expenditures;
(5) Benefits paid and
reserves established for losses incurred but not yet paid, including potential
losses and unreported losses;
(6) Costs of any other
kind of insurance obtained to cover potential losses or provide supplemental
benefits;
(7) Direct and indirect
costs attributable to the use of outside consultants, independent contractors,
and any other persons who are not state employees;
(8) The cost of
developing, monitoring, and evaluating cost containment plans as required by
the department of administrative services and the savings derived from those
plans. The financial information required by this rule
will be
certified by an independent certified public accountant or independent public
accountant who, by reason of knowledge and experience, is especially qualified
in insurance accounting; such accountant
will be
selected by the director of administrative services;
(9) The actuarial
report for the preceding fiscal year and any other studies or evaluations
prepared in the preceding year pursuant to this chapter;
(10) A
description of the benefits provided by the fund and the number of state
employees covered under the state employee health benefit fund;
(11)
The rights of state employees who terminate their employment and the extent of
benefits or coverage thereafter available to those persons and their
dependents; and
(12) Any other
information which is relevant in order to make full, fair, and effective
disclosure of the operations of the state employee health benefit
fund.
(B) The department of administrative services provides such personnel as is necessary to carry out the purposes of this chapter. Any new cost resulting from the enactment of this chapter will be included as part of the information required by paragraph (A) of this rule.
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