(a) The commissioner of administration shall establish the group health and life benefits fund as a special account in the general fund to provide for group life and health insurance under Alaska Stat. § 39.30.090 and 39.30.160 or for self-insurance arrangements under Alaska Stat. § 39.30.091. The commissioner shall maintain accounts and records for the fund. The fund consists of employer contributions, employee contributions, appropriations from the legislature, and income earned on investment of the fund as provided in (d) of this section.
Terms Used In Alaska Statutes 39.30.095
Contract: A legal written agreement that becomes binding when signed.
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.
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) After obtaining the advice of an actuary, the commissioner of administration shall determine the amount necessary to provide benefits under Alaska Stat. § 39.30.090, 39.30.091, and 39.30.160 and, subject to (e) of this section, shall set the rate of employer contribution and employee contribution, if any. With money in the fund, the commissioner of administration shall pay premiums, claims, and administrative costs required under the insurance policies in effect under Alaska Stat. § 39.30.090 and 39.30.160, or required under self-insurance arrangements in effect under Alaska Stat. § 39.30.091.(c) The commissioner of administration or the designee of the commissioner is administrator of the fund. The commissioner may contract with
(1) an insurer authorized to transact business in this state under Alaska Stat. Chapter 21.09, or a hospital or medical service corporation authorized to transact business in this state under Alaska Stat. Chapter 21.87 to reimburse the state for the cost of administering group insurance provided under Alaska Stat. § 39.30.090 and 39.30.160; and(2) a life or health insurer authorized to transact business in the state under Alaska Stat. Chapter 21.09, a hospital or medical service corporation authorized to transact business in this state under Alaska Stat. Chapter 21.87, or a third-party administrator licensed to transact business in this state for the administration of benefit claims and payments under Alaska Stat. § 39.30.091.(d) If the commissioner of administration determines that there is more money in the fund than the amount needed to pay premiums, benefits, and administrative costs for the current fiscal year, the surplus, or so much of it as the commissioner of administration considers advisable, may be invested by the commissioner of revenue in the same manner as retirement funds are invested under Alaska Stat. § 37.10.220.(e) Notwithstanding (b) of this section, the rate of employer contribution to provide hospital, surgical, dental, audiovisual, and other medical care benefits under Alaska Stat. § 39.30.091 is $515 monthly beginning July 1, 2000; $575 monthly beginning July 1, 2001; and $630 monthly beginning July 1, 2002, for the following employees and officials:
(1) employees in the executive branch of the state government, including the governor and lieutenant governor, who are not members of a collective bargaining unit established under the authority of Alaska Stat. § 23.40.070 – 23.40.260 (Public Employment Relations Act);(2) officials and employees of the legislative branch of state government under Alaska Stat. Title 24;(3) employees in the judicial branch of state government, including magistrates and other judicial officers, who are not members of a collective bargaining unit established under Alaska Stat. § 23.40.070 – 23.40.260 (Public Employment Relations Act).(f) In this section, “fund” means the group health and life benefits fund.
