Or. Admin. Code § 111-080-0001

Current through Register Vol. 63, No. 12, December 1, 2024

Section 111-080-0001 - Payment Methods and Dates

(1) For the purpose of this rule:

(a) "ACH credit" means a payment initiated by an Entity that is cleared through the Automated Clearing House (ACH) network for deposit to the OEBB account;

(b) "ACH debit" means a payment initiated by OEBB and cleared through the ACH network to debit an Entity's account and credit the OEBB account;

(c) "Due date" means the seventh business day into the current month of coverage;

(d) "Electronic funds transfer" refers to a payment through ACH credit or ACH debit;

(e) "Entity Payment" means the monthly entity payment to OEBB that includes the contributions of both the Entity and members required to pay the monthly premiums for selected OEBB benefit plans;

(f) "Entity Payment Invoice" means a monthly itemized statement provided by OEBB that includes the contributions of both the entity and members required to pay the monthly premiums for selected OEBB benefit plans;

(2) Entities will receive a final Entity Payment Invoice from OEBB on the first of the month that details the payments due for that month.

(3) If the final Entity Payment Invoice is received on a weekend or legal holiday the receipt date is recognized as the next business day.

(4) Entities are required to submit payment to OEBB through electronic funds transfer no later than the due date.

(5) OEBB reserves the right to issue surcharges or other appropriate measures to Entities that submit monthly payments after the due date.

(6) Entities will select an electronic funds transfer method by:

(a) Submitting an electronic funds transfer authorization form to OEBB by August 15th for payments starting October 1st of the plan year;

(b) Submitting a new electronic funds transfer authorization form to OEBB by August 15th to change the type of payment or update their account information starting October 1st of the plan year.

Or. Admin. Code § 111-080-0001

OEBB 11-2008(Temp), f. & cert. ef. 8-13-08 thru 2-6-09; OEBB 4-2009, f. & cert. ef. 1-30-09; OEBB 9-2017, amend filed 11/07/2017, effective 11/7/2017

Statutory/Other Authority: ORS 243.860 - 243.886

Statutes/Other Implemented: ORS 243.864(1)(a)