Common use of Pool Stabilization Clause in Contracts

Pool Stabilization. A. From time to time, the Commission may review the number of enrolled participants in the self- insured plan and determine whether to create one or more separate Non-State Public Employer Pools made up of some or all Non-State Public Employers. B. Upon creation of a Non-State Public Employer Pool applicable to any Non-State Public Employer, all affected Non-State Public Employers enrolling shall be included in such Pool and pay the Non-State Public Employer Pool rates established by the Commission. C. Upon creation of an applicable Non-State Public Employer Pool, at the beginning of the Plan Year after the benchmark number of eligible participants in the self-insured plan is met, all affected Non- State Public Employers shall be included in such Pool and pay Pool rates. After the Non-State Public Employer Pool is created, rates shall be determined by the Commission based upon the experience, plan administration, reserves, and needs of the Pool to be self-sufficient.

Appears in 1 contract

Sources: Kansas State Employees Health Care Benefits Program Non State Public Employer Contract

Pool Stabilization. β€Œ A. From time to time, the Commission may review the number of enrolled participants in the self- self-insured plan and determine whether to create one or more separate Non-State Public Employer Pools made up of some or all Non-State Public Employers. B. Upon creation of a Non-State Public Employer Pool applicable to any Non-State Public Employer, all affected Non-State Public Employers enrolling shall be included in such Pool and pay the Non-State Public Employer Pool rates established by the Commission. C. Upon creation of an applicable Non-State Public Employer Pool, at the beginning of the Plan Year after the benchmark number of eligible participants in the self-insured plan is met, all affected Non- Non-State Public Employers shall be included in such Pool and pay Pool rates. After the Non-State Public Employer Pool is created, rates shall be determined by the Commission based upon the experience, plan administration, reserves, and needs of the Pool to be self-sufficient.

Appears in 1 contract

Sources: Non State Public Employer Contract