STATE OF CONNECTICUT
NANCY WYMAN COMPTROLLER	OFFICE OF THE STATE COMPTROLLER 55 ELM STREET HARTFORD, CONNECTICUT 06106-1775	MARK OJAKIAN DEPUTY COMPTROLLER

INTERDEPARTMENTAL MEMORANDUM

July 8, 2008

I. INTRODUCTION

As of July 1, 2008, pharmacy benefits under the State of Connecticut employee health insurance plan are self-insured. Formerly, the pharmacy benefits were fully insured. As a result, premium payments for pharmacy benefits from part-time higher education employees enrolled in the health insurance plan must be accounted separately from the medical and dental premium payments. For part-time higher education employees who pay premiums via payroll deduction, the premium share will automatically be deposited in the appropriate account and no further action is required. This memorandum addresses the deposit procedures for part-time higher education employees who pay premiums using the Core-CT Benefits Billing module.

II. BACKGROUND

Comptroller's memorandum 2004-3a entitled CORE-CT Benefits Administration - Benefits Billing Procedures Updated provides instructions for the use of the Core-CT Benefits Billing module. The impact to part-time higher education employees is transparent since the method for remitting a payment to the agency personnel/payroll office will remain unchanged. The only change is to the agency administrative procedures for depositing and coding the payments to the appropriate accounting string in the Core-CT Financials system.

III. PROCEDURE

Deposit Account Information

Effective immediately, all employee checks/money orders for pharmacy insurance benefits must be deposited as follows (instructions for medical, dental and life insurance remain unchanged):

To coordinate the correction of any pharmacy premium deposits made to the medical/dental SID in error, contact the Retirement & Benefit Services Division's Central Benefits Unit at the number below.

IV. CONCLUSION

Questions related to this memorandum may be directed to the Central Benefits Unit at (860) 702-3535.

Sincerely,

Thomas C. Woodruff, Ph.D.
Director, Retirement & Benefits Services Division

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