Current through the 2024 Legislative Session
Section 87A-18 - Long-term care benefits plan; carrier or third-party administrator(a) The board may establish a long-term care benefits plan or plans for employee-beneficiaries; the spouses, parents, grandparents, in-law parents, and in-law grandparents of employee-beneficiaries; and qualified-beneficiaries. The plan or plans shall be at no cost to employers and shall comply with article 10H of chapter 431.(b) Notwithstanding any other law to the contrary, long-term care benefits shall be available only to: (1) Employee-beneficiaries and their spouses, parents, and grandparents;(2) Employee-beneficiary in-law parents and grandparents; and(3) Qualified-beneficiaries who enroll between the ages of twenty and eighty-five, who comply with the plan's age, enrollment, medical underwriting, and contribution requirements.(c) The board may contract with a carrier to provide fully insured benefits or with a third-party administrator to administer self-insured benefits. L 2001, c 88 , pt of §1; am L 2004, c 216, §14 .