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PPM 62-250 Health and Annuity Program (Policy) on www.olc.edu

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                                                                                                   62-250
                                                                                                      BOT 12-21-02

                                       HEALTH AND ANNUITY PROGRAM (POLICY)

     It shall be a policy of the Oglala Lakota College Board of Trustees to provide employees of the Oglala Lakota
     College with health and annuity program fringe benefits, within budget limitations; approved annual health
     and annuity program; shall meet legal restrictions regulated and legislated by the Internal Revenue Code in
     addition to other applicable regulations so as to provide the optimum legal obligations of the institution
     and its employees.

     It shall also be a policy of the Oglala Lakota College Board of Trustees to establish a procedure which
     ensures college personnel input into the development of initial specifications for the health and annuity
     programs on an annual basis, to include types of coverage, types of services (claims processing, booklet of
     coverage, on-site assistance), and other appropriate recommendations for consideration, with such
     recommendations to be processed through established decision-making procedures of the Oglala Lakota College.
     It shall be an annual charge of the Institutional Development Committee to implement established procedures
     regarding this Health and Annuity Program policy.

     The Board of Trustees retains the right to terminate the services of the insurance company or agent of
     record according to agreement if the insurance company or agent of record according to agreement if the
     insurance company or agent does not effectively comply with benefit, service, or other applicable
     requirements of the agreement for health and annuity programs contracted.

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