Section 125.440  KidCare/FamilyCare Insurance Rebate

a)         The Rebate will be paid to the individual policyholder insuring the individual.

b)         The Department will issue Rebates on a monthly basis.

c)         The total dollar amount of the Rebate paid by the Department per individual per month shall be the lesser of:

1)         The maximum monthly amount set by the Department calculated in accordance with the restrictions in 215 ILCS 106/25 and available appropriations, or

2)         The policyholder's monthly portion of the premium paid for coverage of individuals enrolled under KidCare/FamilyCare Rebate.

d)         The Department shall set the amount of the Rebate, described in subsection (c) of this Section, prospectively.

e)         To be eligible for payment, a Rebate must equal at least one dollar.

(Source:  Amended at 30 Ill. Reg. 10328, effective May 26, 2006)