51.1-1135.2 - Board authorized to provide long-term care insurance and benefits. - Virginia Statutes

§ 51.1-1135.2. Board authorized to provide long-term care insurance andbenefits.

A. For purposes of this section, "eligible employee" means the same as thatterm is defined in § 51.1-1100.

B. The Board is authorized to develop, implement, and administer a long-termcare insurance program for eligible employees. The Board may contract for andpurchase such long-term care insurance or may self-insure long-term carebenefits or may use such other actuarially sound funding necessary toeffectuate such long-term care insurance and benefits.

C. The costs of providing long-term care benefits shall be paid by stateagencies from funds as shall be appropriated by law to state agencies. Stateagencies shall pay to the Board from such funds contribution amounts, to bedetermined by the Board, to provide the Board with such funds as shall berequired from time to time to (i) obtain and maintain long-term careinsurance and benefits for eligible employees, and (ii) administer thelong-term care insurance program, including providing case management andcost containment programs. Contributions shall be deposited in the DisabilityInsurance Trust Fund established under § 51.1-1140.

(2002, cc. 663, 697.)