There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 17A. Health Benefit Plans
304.17A.768 Voucher -- Redemption -- Payment of premium amount -- Fee to process voucher -- Administrative regulations.
Download pdfpurchasing outlet shall notify the eligible person. An eligible person may pay the
premium amount directly to the insurance purchasing outlet if the employer fails to
redeem the value of the voucher. (3) An insurance purchasing outlet shall pay an insurer the appropriate premium amount on or before the premium due date. If an insurance purchasing outlet fails to
pay the premium amount on or before the due date the following shall occur:
(a) An insurer shall issue the insurance purchasing outlet a notice of termination if the premium amount is not paid pursuant to KRS 304.17A-245; (b) Upon receipt of a notice of termination from the insurer, the insurance purchasing outlet shall issue the eligible member a notice of termination; and (c) The insurer shall notify the eligible person of his or her conversion rights under KRS 304.18-110. (4) An insurer may allow for a thirty-one (31) day grace period for the premium amount to be paid by the insurance purchasing outlet. (5) The department shall prescribe the items to be included on a voucher.
(6) An insurance purchasing outlet shall be required to accept a voucher as payment for a health benefit plan, or as partial payment if the value of the voucher is insufficient
to cover the full premium of the health benefit plan. (7) An insurance purchasing outlet may charge a reasonable administrative fee to cover the cost of processing the voucher. (8) The commissioner shall promulgate administrative regulations to implement the provisions of this section. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1256, effective July 15, 2010. -- Created 2002 Ky. Acts ch. 207, sec. 10, effective July 15, 2002.
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