Indiana Code 20-26-17-3. Limit on employer cost of coverage
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Sec. 3. The employer share of the cost of coverage under a health plan provided by a school corporation for the school corporation’s employees may not exceed by more than twelve percent (12%) the employer share of the cost of coverage under the same type of health plan:
(2) provided by the state for state employees;
(1) described in IC 5-10-8-7(b) or IC 5-10-8-7(c); and
Terms Used In Indiana Code 20-26-17-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- cost of coverage: includes any deposit to a health savings account that is related to a high deductible health plan. See Indiana Code 20-26-17-1
- health plan: refers to any of the following:
Indiana Code 20-26-17-2
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
for any twelve (12) month period beginning on the first health plan issue or renewal date that occurs after December 31, 2011.
As added by P.L.200-2011, SEC.2.