|Date Requested:February 20, 2013
Time Requested:02:46 PM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|SB 26 has no fiscal impact to the Offices of the Insurance Commissioner's operations, revenues or expenditures.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
| Senate Bill 26, which generally requires health insurance coverage of hearing aids for minors in certain circumstances, does not have a fiscal impact to the State.
There is no fiscal impact because SB 26 contains exceptions for the required coverage to the extent that the required benefits exceed the essential health benefits (EHB) specified under the Patient Protection and Affordable Care Act (PPACA).
PPACA 1311 (d)(3) provides that a state must defray the cost - by direct payments to enrollees or to the plan - of any state mandated benefit in excess of the essential health benefits (EHB).
As the mandated benefit in SB 26 is only effective to the extent it does not exceed EHB, there is no additional cost to the State.