The NMI Retirement Fund and Hawaii Pacific Medical Referral have formally signed a contract extending the latter\u2019s service for one year as the government\u2019s third party administrator for health group plan.<\/p>\n
Fund administrator Karl T. Reyes said Friday that the one-year extension contract provides that either party has an option to cancel the contract within a 90-day notice.<\/p>\n
The HPMR\u2019s previously signed extension contract is set to expire on Dec. 31.<\/p>\n
HPMR, whose original three-year contract expired in July 2004, recently reduced its rate, the Fund said.<\/p>\n
Reyes said HPMR lowered its rate from $9.50 each member to $8.75.<\/p>\n
There are 10,000 registered members in the Fund\u2019s group health insurance program.<\/p>\n
Meantime, Reyes said that HPMR has expressed interest to submit a proposal for a new three-year contract with the Fund.<\/p>\n
\u201cThey requested that they be given of the details about the RFP,\u201d said Reyes.<\/p>\n
The Fund issued this month a new Request for Proposal for a third-party administrator in view of its recent decision to reject the privatization plan for the group health program due to high costs.<\/p>\n
HPMR earlier said that it had saved the CNMI government some $8 million during its initial three-year contract.<\/p>\n
These savings are obtained through HPMR discounts with health providers, cancellation of invalid claims, and negotiations for reduced rates.<\/p>\n","protected":false},"excerpt":{"rendered":"
The NMI Retirement Fund and Hawaii Pacific Medical Referral have formally signed a contract extending the latter\u2019s service for one year as the government\u2019s third party administrator for health group plan.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96420","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/96420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=96420"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/96420\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=96420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=96420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=96420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}