Browse Arkansas Code titles and sections
21-5-405. Additional duties of board.
Arkansas Code — all titles (historical 2020) · legal_authorities
21-5-405. Additional duties of board.
(a)(1) The State and Public School Life and Health Insurance Board and the Director of the Employee Benefits Division shall take a risk management approach in designing the State and Public School Life and Health Insurance Program.
(2) The board shall ensure that the program, including all plan options offered under the program, is maintained on an actuarially sound basis as determined by actuarial standards established by the board.
(b) In addition to the objectives stated in § 21-5-404, the board shall:
(1) Develop uniform standards of vendor plan option funding;
(2) Promote increased access to plan options offered under the program;
(3) Promote access to vendors who will enhance plan option availability in rural Arkansas and in bordering states;
(4)(A) Use the purchasing power of the program to foster competition among vendors and providers for the plan options offered under the program.
(B) A state agency or school district that accepts state funds intended to partially defray the cost of health and life insurance for state employees or public school employees shall:
(i) Use those funds only for the program; and
(ii) Agree to rules of program participation as stated in the policies adopted by the board and as defined in the rules and procedures issued by the director, including without limitation timely eligibility reporting, prepayment of insurance premiums, actuarial adjustment for new enrollees, and any other requirements deemed necessary by the board;
(5) Assure guaranteed issue;
(6) Ensure an annual enrollment period;
(7) Verify that a dependent is eligible for coverage under the program as determined by the board; and
(8) Beginning in the 2015 plan year, implement a policy applicable to a partic
Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-5-405
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:21-5-405
Source file: gov.ar.code.title.21.odt
Pages: Not recorded – Not recorded
Passage SHA-256: adae073bae18c58bd19ff3f13b3192fc98c8b73ac2647501f0dcbe904fc1800a
Source location: content.xml paragraph 3698
Stored source content
21-5-405. Additional duties of board.
(a)(1) The State and Public School Life and Health Insurance Board and the Director of the Employee Benefits Division shall take a risk management approach in designing the State and Public School Life and Health Insurance Program.
(2) The board shall ensure that the program, including all plan options offered under the program, is maintained on an actuarially sound basis as determined by actuarial standards established by the board.
(b) In addition to the objectives stated in § 21-5-404, the board shall:
(1) Develop uniform standards of vendor plan option funding;
(2) Promote increased access to plan options offered under the program;
(3) Promote access to vendors who will enhance plan option availability in rural Arkansas and in bordering states;
(4)(A) Use the purchasing power of the program to foster competition among vendors and providers for the plan options offered under the program.
(B) A state agency or school district that accepts state funds intended to partially defray the cost of health and life insurance for state employees or public school employees shall:
(i) Use those funds only for the program; and
(ii) Agree to rules of program participation as stated in the policies adopted by the board and as defined in the rules and procedures issued by the director, including without limitation timely eligibility reporting, prepayment of insurance premiums, actuarial adjustment for new enrollees, and any other requirements deemed necessary by the board;
(5) Assure guaranteed issue;
(6) Ensure an annual enrollment period;
(7) Verify that a dependent is eligible for coverage under the program as determined by the board; and
(8) Beginning in the 2015 plan year, implement a policy applicable to a participating entity to identify funds that are not required to be paid for federal taxes under the Federal Insurance Contributions Act, 26 U.S.C. § 3101 et seq., generated from health insurance pretaxed premiums only, and use the identified funds for premium assistance.
(c) Vendors of plan options offered under the program shall provide detailed information in order to justify rate increases or inadequate performance reporting as defined by the board.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Old-age, survivors, and disability insurance** In addition to other taxes, there is hereby imposed on the income of every individual a tax equal to 6.2 percent of the wages (as defined in section 3121(a)) received by the individual with respect to employment (as defined in section 3121(b)).
**(b) Hospital insurance**
(1) **In general** — In addition to the tax imposed by the preceding subsection, there is hereby imposed on the income of every individual a tax equal to 1.45 percent of the wages (as defined in section 3121(a)) received by him with respect to employment (as defined in section 3121(b)).
(2) **Additional tax** — In addition to the tax imposed by paragraph (1) and the preceding subsection, there is hereby imposed on every taxpayer (other than a corporation, estate, or trust) a tax equal to 0.9 percent of wages which are received with respect to employment (as defined in section 3121(b)) during any taxable year beginning after December 31, 2012, and which are in excess of—
(A) in the case of a joint return, $250,000,
(B) in the case of a married taxpayer (as defined in section 7703) filing a separate return, ½ of the dollar amount determined under subparagraph (A), and
(C) in any other case, $200,000.
**(c) Relief from taxes in cases covered by certain international agreements** During any period in which there is in effect an agreement entered into pursuant to section 233 of the Social Security Act with any foreign country, wages received by or paid to an individual shall be exempt from the taxes imposed by this section to the extent that such wages are subject under such agreement exclusively to the laws applicable to the social security system of such foreign country.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 3101
Stored review status: release_metadata_unconfirmed. The source passage cites 26 U.S.C. § 3101. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 2677
TITLE 26—INTERNAL REVENUE CODE
§ 3101
Subchapter A—Tax on Employees
Sec.
3101.
Rate of tax.
3102.
Deduction of tax from wages.
§ 3101. Rate of tax
(a) Old-age, survivors, and disability insurance
In addition to other taxes, there is hereby im-
posed on the income of every individual a tax
equal to 6.2 percent of the wages (as defined in
section 3121(a)) received by the individual with
respect to employment (as defined in section
3121(b)).
(b) Hospital insurance
(1) In general
In addition to the tax imposed by the pre-
ceding subsection, there is hereby imposed on
the income of every individual a tax equal to
1.45 percent of the wages (as defined in section
3121(a)) received by him with respect to em-
ployment (as defined in section 3121(b)).
(2) Additional tax
In addition to the tax imposed by paragraph
(1) and the preceding subsection, there is here-
by imposed on every taxpayer (other than a
corporation, estate, or trust) a tax equal to 0.9
percent of wages which are received with re-
spect to employment (as defined in section
3121(b)) during any taxable year beginning
after December 31, 2012, and which are in ex-
cess of—
(A) in the case of a joint return, $250,000,
(B) in the case of a married taxpayer (as
defined in section 7703) filing a separate re-
turn, 1⁄2 of the dollar amount determined
under subparagraph (A), and
(C) in any other case, $200,000.
(c) Relief from taxes in cases covered by certain
international agreements
During any period in which there is in effect
an agreement entered into pursuant to section
233 of the Social Security Act with any foreign
country, wages received by or paid to an indi-
vidual shall be exempt from the taxes imposed
by this section to the extent that such wages are
subject under s
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 3101
Stored review status: historical_2024_not_currentness_verified. The source passage cites 26 U.S.C. § 3101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
21-5-404. Powers, functions, and duties of board.
The State and Public School Life and Health Insurance Board has the following powers, functions, and duties:
(1)(A) To explore various cost-containment measures and funding options for plan options offered under the State and Public School Life and Health Insurance Program for the benefit of state employees, state employee retirees, public school employees, and public school employee retirees.
(B) Beginning in the 2015 plan year, the board shall not adopt a health insurance plan option that has no deductible for participants.
(C) The board shall recommend that an active employee in a consumer-driven health insurance plan option offered under the program establish a health savings account if the active employee is eligible to establish a health savings account under federal law;
(2) To promote competition among vendors and create a systematic formula for measuring competitiveness of the plan options offered under the program, quality-of-care delivery, portability, and accessibility to and affordability of health care;
(3) To prepare a comprehensive analysis of the various plan options offered under the program, including cost, quality, and access differentials as well as any other comparisons of the plan options offered under the program;
(4) To undertake studies and to take any appropriate action that the board determines will promote the financial soundness and overall well-being of the program;
(5) To establish and set penalties as allowed under § 21-5-415;
(6)(A) To develop, with the assistance of the Office of State Procurement, bid specifications and requests for proposals and to evaluate bids and proposals.
(B) The board shall allow the office to execute all other actions relating to the purchasi
Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-5-404
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 21-5-404. This identifies an authority to review, not proof of applicability.