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ADVANTAGES <br />DISADVANTAGES <br />COMMENTS <br />RECONd1VIENDATION <br />Must maintain all contributions in <br />City of La Porte already operates a <br />Continue current practice. <br />a separate fund. <br />separate, previously established fund <br />(014) to account for health services <br />revenues and expenses. <br />Must invest funds per the Public <br />Must conduct an annual audit and <br />City's existing investment policy <br />Continue current practices. <br />Funds Investment Act. <br />submit to the Texas Department of <br />follows the Public Funds Investment <br />Insurance (TDI). <br />Act. All Employee Health Services <br />Maintain on file an annual <br />funds are invested accordingly. <br />financial and claims audit for <br />claims administrator. <br />Currently, Employee Health Services <br />Fund is reviewed as part of the City's <br />annual audit, which includes all <br />Internal Service Funds. <br />TML-IEBP already operates as <br />Fund is required to carry excess <br />City currently carries excess loss <br />Continue to obtain excess <br />Chapter 172 for purposes of <br />loss/re-insurance or inform <br />insurance, although it is becoming <br />loss/re-insurance as long as <br />self -funded members. <br />employees it is not provided or has <br />more difficult to obtain; the number <br />available and cost effective, to <br />been cancelled. <br />of providers of excess loss insurance <br />minimize risk to City's health <br />is decreasing, especially for Texas. <br />services fund. <br />Allows for both single and group <br />City may become Chapter 172 alone <br />coverage participation. <br />or with several other entities. <br />Must amend sections of City's health <br />Many updates already completed <br />plan benefits book to be fully <br />during 2002. <br />compliant. <br />If cannot pay claims for 60 days, must <br />declare insolvent and notify <br />artici ating members. <br />ch 172 comparison chart 021209.doc <br />Last printed 12/4/2002 3:26 PM <br />