406.5 - Licensed Employee Group Insurance Benefits
406.5 - Licensed Employee Group Insurance BenefitsLicensed employees may be eligible for group insurance and health benefits as determined by the board and required by law. The board will select the group insurance program and the insurance company or third party administrator which will provide the program.
This policy statement does not guarantee a certain level of benefits. The board will have the authority and right to change or eliminate group insurance programs for its licensed employees.
Legal Reference: Iowa Code §§ 20.9; 85; 85B; 279.12, 279.27; 509; 509A; 509B.
Internal Revenue Code § 4980H(c)(4); Treas. Reg. § 54.4980H-1(a)(21)(ii).
Shared Responsibility for Employers Regarding Health Coverage, 26 CFR
Parts 1, 54 and 301, 78 Fed. Reg. 217, (Jan 2, 2013).
Shared Responsibility for Employers Regarding Health Coverage, 26 CFR
Parts 1, 54 and 301, 79 Fed. Reg. 8543 (Feb. 12, 2014).
Cross Reference: 405.1 Licensed Employee Defined
Approved 11/1/2004 Reviewed 12/17/2007 Revised 06/17/2019
01/16/2012 10/18/2021
01/23/2017
06/17/2019
10/18/2021
06/20/2022