Kansas Statutes 40-2260. Group health benefit plan option to establish premium only cafeteria plan
(a) An insurer shall provide, in conjunction with a group health benefit plan, the option of establishing a premium only cafeteria plan as permitted under federal law, 26 U.S.C. § 125.
(b) As used in this section “insurer” means any insurance company, fraternal benefit society, health maintenance organization and nonprofit hospital and medical service corporation authorized to transact health insurance business in this state.
Terms Used In Kansas Statutes 40-2260
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Health benefit plan: means a contract for group medical, surgical, hospital or any other remedial care recognized by state law and related services and supplies. See Kansas Statutes 40-2239
- Premium: means the monthly or other periodic charge for a health benefit plan. See Kansas Statutes 40-2239
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(c) An insurer that establishes or facilitates the establishment of a premium only cafeteria plan or other payroll deduction program pursuant to 26 U.S.C. § 125 does not violate Kan. Stat. Ann. § 40-2404, and amendments thereto.
(d) Nothing in this section shall be construed as prohibiting an insurer from:
(1) Charging a fee for establishing or facilitating the establishment of a premium only cafeteria plan pursuant to this section, and amendments thereto; or
(2) utilizing a vendor to facilitate the establishment of a premium only cafeteria plan pursuant to this section, and amendments thereto.
(e) The provisions of this section shall not take effect until July 1, 2008.