| Formal Name: | Nebraska Small Employer Health Reinsurance Program |
| Contact Person: | Martin Swanson, Health Policy Administrator, Nebraska Department of Insurance 941 O Street, Suite 400 PO Box 82089 Lincoln, NE 68501 (402) 471-4648 martin.swanson@nebraska.gov |
| Purpose: | To provide a reinsurance mechanism for insurance companies who provide insurance for small employers. |
| How Many Affectable: | Currently, zero. The Affordable Care Act (ACA) has rendered the program obsolete. |
| How Many Served: | Zero. |
| Year Created: | 1994 |
| Year Active: | 1995 |
| Sunset Date: | NA |
| Authorization Citation: | 44-5261 |
| Parent Agency: | Department of Insurance |
| Number Of Members: | 8 and an ex officio member |
| Who Appoints: | Director of Insurance |
| Legislative Approval: | No |
| Qualifications Of Members: | Representatives of small employers and small employer carriers and such other individuals determined to be qualified by the director. At least five members of the board shall be representatives of carriers and shall be selected from individuals nominated in this state pursuant to procedures and guidelines developed by the director. The director shall serve as an ex officio member. |
| Per Diem: | None |
| Expense Reimbursement: | None |
| Term Length: | The initial board members served as follows, Two of the members to serve terms of two years; three of the members to serve terms of four years; and three of the members to serve terms of six years. Subsequent board members shall serve for terms of three y |
| Terms Rotate or Expire At Once: | Terms Rotate |
| Required FY 13-14: | 0 |
| Held FY 13-14: | 0 |
| Required FY 14-15: | 0 |
| Held FY 14-15: | 0 |
| Required FY 15-16: | 0 |
| Held FY 15-16: | 1 |
| Support Staff: | Yes |
| Shared or Separate: | Shared |
| FY 13-14 Budget: | None |
| FY 14-15 Budget: | None |
| FY 15-16 Budget: | None |
| Other Funding Sources: | The Board may assess reinsuring carriers for organizational and operating expenses. The Board may also borrow money. |
| Spending Authority: | Yes, the board can enter into contracts and has the general powers and authority granted under Nebraska law to insurance companies and HMOs licensed to transact business but cannot issue health plans directly to groups or individuals. |
| Since July 1, 2012: | Because of the adoption of the ACA, this reinsurance program is no longer being utilized. In June of 2016 the Board voted to recommend its own elimination. |