§ 870.1005 Premiums

5 CFR 870.1005(a)(a) Government contributions and employee withholdings required under subpart D of this part are paid from the funds provided under section 599C(e) of Pub. L. 101-513 (104 Stat. 2035).

5 CFR 870.1005(b)(b) If an individual isn't insured for the full pay period, premiums are paid only for the days he/she is actually insured. The daily premium is the monthly premium multiplied by 12 and divided by 365.

5 CFR 870.1005(c)(c) OPM may accept the payments required by this section in advance from a State Department appropriation, if necessary to fund the 12-month period of coverage beginning the earlier of:

5 CFR 870.1005(c)(1)(1) The day after sanctions or hostilities end; or

5 CFR 870.1005(c)(2)(2) The day after the individual's hostage status ends.

5 CFR 870.1005(d)(d) OPM will place any funds received under paragraph (c) of this section in an account set up for that purpose. OPM will make the deposit required under 5 U.S.C. 8714 from the account when the appropriate pay period occurs.