Where does the money go that is collected from plan members?
All revenues collected through VCD plan sales go into a separate IPA trust account that can’t be co-mingled with other money. The money from those accounts pay the doctor claims, sales commissions and administration fees. Marketing dollars for the IPA sales rep(s) and marketing materials come from vendor rebates and/or IPA member dues. Money from vendors and dues is deposited in the state IPA operations checking account.
Related Questions
- If Ive collected money from fellow co-workers, family members, friends, and/or customers, are these donations eligible for a match through the Hawaiian Telcoms Matching Incentive Program?
- Why can’t the capital plan money be used to help save people’s jobs?
- Where does the money go that is collected from plan members?
