WHAT IS PREMIUM SUPPLEMENTATION FUND AND WHO MAY BENEFIT FROM IT?
The Prepaid Health Care (PHC) Premium Supplementation Fund was established in 1974 by general fund appropriation and used to defray the cost of providing health care benefits for employers with less than eight employees entitled to and covered under the PHC Act. To qualify for premium supplementation, the employer must meet the criteria as outlined in the Form HC-6a or section 393-45 of the law and file a claim (Form HC-6) with the Audit Section of this Division within two years after the close of the employer applicant’s taxable year. The Fund may also reimburse health care expenses to employees of bankrupt and noncompliant employers. Benefits paid from the Fund shall be recovered from those defaulting employers.
