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Group Insurance Commission
DEPARTMENT |
FY 2018
Budgetary Recommendation |
FY 2018
Federal, Trust, and ISF |
FY 2018
Total Spending |
FY 2018
Budgetary Non-Tax Revenue |
---|---|---|---|---|
Group Insurance Commission | 2,170,322 | 688,664 | 2,858,986 | 1,147,393 |
account | description | amount |
---|---|---|
GROUP INSURANCE COMMISSION | 2,858,985,547 | |
Budgetary Recommendation | 2,170,321,752 | |
Direct Appropriations | 1,727,555,850 | |
1108-5100 |
GROUP INSURANCE COMMISSION
For the operation of the group insurance commission |
4,282,859 |
1108-5200 |
GROUP INSURANCE PREMIUM AND PLAN COSTS
For the commonwealth's share of the group insurance premium and plan costs incurred in fiscal year 2018; provided, that notwithstanding any general or special law to the contrary, funds in this item shall not be available during the accounts payable period of fiscal year 2018, and any unexpended balance in this item shall revert to the General Fund at the end of the last accounting period in fiscal year 2018; provided further, that the secretary of administration and finance shall charge the division of unemployment assistance and other departments, authorities, agencies and divisions which have federal or other funds allocated to them for this purpose, for that portion of insurance premiums and plan costs as the secretary determines should be borne by such funds, and shall notify the comptroller of the amounts to be transferred, after similar determination, from the several state or other funds and amounts received in payment of all such charges or such transfers shall be credited to the General Fund; provided further, that funds may be expended from this item for the commonwealth's share of group insurance premium and plan costs provided to employees and retirees in prior fiscal years; provided further, that the group insurance commission shall obtain reimbursement for premium and administrative expenses from other agencies and authorities not funded by state appropriation; provided further, that the secretary of administration and finance may charge all agencies for the commonwealth's share of the health insurance costs incurred on behalf of any employees of those agencies who are on leave of absence for a period of more than 1 year; provided further, that the amounts received in payment for the charges shall be credited to the General Fund; provided further, that notwithstanding section 26 of chapter 29 of the General Laws, the commission may negotiate, purchase and execute contracts before July 1 of each year for policies of group insurance as authorized by chapter 32A of the General Laws; provided further, that for determining the commonwealth's share of the group insurance premiums for retired and active state employees shall be the same as the standards in effect on July 1, 2012; provided further, that the commission shall notify the house and senate committees on ways and means not later than March 1, 2018 of the cost of the commonwealth's projected share of group insurance premiums for the next fiscal year; provided further, that the commission shall notify the house and senate committees on ways and means at least 90 days before any changes in coverage, benefits or the schedule of copayments and deductibles for plans offered by the group insurance commission; and provided further, that the commission may pay premium and plan costs for municipal employees and retirees who are enrolled in the group insurance commission's health plans pursuant to the commission's regulations |
1,661,961,313 |
1108-5350 |
RETIRED GOVERNMENTAL EMPLOYEES GROUP INSURANCE PREMIUMS
For the cost of group insurance premiums for elderly governmental retirees |
165,271 |
1108-5400 |
RETIRED MUNICIPAL TEACHERS GROUP INSURANCE PREMIUMS
For the costs of group insurance premiums for retired municipal teachers and the audit of those premiums |
52,342,714 |
1108-5500 |
GROUP INSURANCE DENTAL AND VISION BENEFITS
For the costs, notwithstanding chapter 32A of the General Laws to the contrary, of dental and vision benefits for those active employees of the commonwealth, not including employees of authorities or any other political subdivisions, who are not otherwise provided those benefits under a separate appropriation or the terms of a contract or collective bargaining agreement; provided, that such employees shall pay 15 per cent of the monthly premium established by the commission for the benefits |
8,803,693 |
Retained Revenues | 2,196,749 | |
1108-5201 |
MUNICIPAL PARTNERSHIP ACT IMPLEMENTATION RETAINED REVENUE
For the group insurance commission; provided, that the commission may expend for the purposes of administering a program for municipal health coverage as provided under section 19 of chapter 32B of the General Laws an amount not to exceed $2,196,749 from revenues received from administrative fees associated with providing the coverage; provided further, that notwithstanding any general or special law to the contrary, for the purpose of accommodating timing discrepancies between the receipt of revenues and related expenditures, the group insurance commission may incur expenses and the comptroller may certify for payment amounts not to exceed the lower of this authorization or the most recent revenue estimate, as reported in the state accounting system |
2,196,749 |
Section 2E | ||
1599-6152 |
STATE RETIREE BENEFITS TRUST FUND
For an operating transfer to the State Retiree Benefits Trust Fund, established pursuant to section 24 of chapter 32A of the General Laws |
440,569,153 |
account | description | amount |
---|---|---|
Trust Spending | 688,663,795 | |
1120-2200 | OPTIONAL LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT PLANS | 2,000,000 |
1120-2500 | GROUP INSURANCE COMMISSION ASSETS HELD IN TRUST | 683,685,795 |
1120-3200 | ELDERLY GOVERNMENT RETIREE CIC AND CIC-OME RATE STABILIZATION | 10,000 |
1120-3611 | GROUP INSURANCE TRUST FUND - ELDERLY | 18,000 |
1120-4200 | RETIRED MUNICIPAL TEACHERS HEALTH & OME | 2,000,000 |
1120-4300 | RETIRED MUNICIPAL TEACHERS CIC & CIC-OME | 150,000 |
1120-5611 | ACCUMULATED NET INTEREST FROM EMPLOYEES' PREMIUMS | 800,000 |
