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Fund gets $256,000 in GHLI allotments from CHC
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Posted on Mar 30 2012
By Moneth Deposa
Reporter
Reporter
The Commonwealth Healthcare Corp. has fulfilled its payment obligation to the NMI Retirement Fund by remitting $256,000 for the health and life insurance premiums of hospital personnel, according to Fund deputy administrator Esther S. Ada yesterday.
According to Ada, the payment represents delinquent premiums of hospital employees for five pay periods ending Feb. 25, 2012. Corporation employees now owe premiums for just one pay period, covering last week’s payroll.
Ada disclosed that there are 108 plan holders at the Commonwealth Health Center.
Some hospital personnel who spoke on condition of anonymity yesterday welcomed the good news, saying this development will help boost the morale of affected employees.
The Group Health and Life Insurance Program is an ancilliary service being handled by the Fund administrator for the government. Aetna Global is the carrier for the health insurance of GHLIP members while Individual Assurance Co. handles the life insurance coverage.
The Fund had issued a 15-day notice of termination for both health and life insurance coverage of employees at the public hospital after disclosing that the corporation was seven pay periods behind in their payment.
Last Monday, the healthcare corporation also averted the termination of the health insurance of over a hundred plan holders of Calvo’s Insurance after it updated five pay period allotments to their accounts.
