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SECTION <br />POLICY ADMINISTRATIVE PERSONNEL <br />Y <br />MANUAL SUBJECT <br />NUMBER <br />AM -504.1 <br />DATE EFFECTIVE <br />04-06-93 <br />PAGE <br />HEALTH & LIFE INSURANCE BILLINGS 2 <br />The warrant request forms are attached to the "Insurance Premium Report" <br />and sent to the Finance Division of the Clerk's Office for payment through <br />internal account charges. Finance then prepares checks as follows: <br />c ,.One check payable to the carrier/third party administrator for <br />administrative costs (as detailed in 2. A _ 2. above). <br />b.One check payable to the health insurance reserve trust <br />representing each department's payment for funding health insurance. <br />This shall be deposited in a local bank and drawn upon by the <br />carrier/third party administrator for the payment of claims. <br />c_ One check payable to the life and health insurance reserve trust <br />representing the employees' contributions for optional family <br />coverage. This shall be deposited in a local bank and drawn upon by <br />the carrier/third party administrator for the payment of claims. <br />The timetable for the events above will be generally as follows: <br />Insurance Premium Report Approximately 1st of month <br />Warrants to Finance Section Approximately 10th of month <br />Checks issued Approximately 15th of month <br />D -.—Constitutional Officer's employees <br />The "Insurance Premium Report" is sent to each participating Officer's <br />representative along with a billing detailing their costs. This person <br />prepares checks as defined in paragraphs A., b—., and c. above. <br />C. COBRA and Retired employees <br />Participants make individual payments through Personnel to Finance for <br />their coverage. When the monthly billing for these individuals is sent <br />to Finance, Finance charges their individual accounts. Finance then <br />prepares checks as described in a. , and b. above. <br />71 <br />