Regulation 10 - Cafeteria Plans
230-5638 INACTIVE RULE
| Title | 230 | Department of Business Regulation (includes the Office of the Health Insurance Commissioner) |
| Chapter | XXX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
| Subchapter | XX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
| Part | 5638 | Regulation 10 - Cafeteria Plans |
| Type of Filing | Adoption |
| Regulation Status | Inactive |
| Effective | 07/01/2009 to 07/27/2018 |
Regulation Authority:
R.I. Gen. Laws §§ 27-70-1 et seq., 42-14-5, 42-14-17, 42-14.5-1 et seq and 42-35-1 et seq.
Purpose and Reason:
This regulation is promulgated pursuant to the authority granted to the health insurance commissioner under R.I. Gen. Laws §§ 27-70-1 et seq., 42-14-5, 42-14-17, 42-14.5-1 et seq. and 42-35-1 et seq. This regulation will implement the provisions of Title 27, Chapter 70, entitled “The Health Insurance Tax Incentive”(the HITI). The HITI requires each Rhode Island employer which meets a designated size requirement to adopt and maintain for its employees a cafeteria plan, also known as a Section 125 plan. This regulation allows employees and their dependents to purchase health insurance with pre-tax wages. This regulation does not require any employer to establish a group health plan, nor does it require an employer to contribute to the cost of health insurance purchased through a cafeteria plan. Furthermore, this regulation shall not be construed as requiring an employer to create a cafeteria plan in any way which would violate any federal law.
