FISCAL NOTE
Date Requested: March 05, 2025
Time Requested: 04:47 PM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2908 |
Introduced |
HB2906 |
|
|---|
| CBD Subject: |
Health |
|---|
|
FUND(S):
7152 Insurance Commission Fund
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 2906, if enacted would provide health insurance coverage for scalp cooling systems for the preservation of hair during cancer chemotherapy treatments.
HB2906 would have no fiscal impact on the WV Offices of the Insurance Commissioner.
See memorandum to this fiscal note for more information.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2025
Increase/Decrease
(use"-") |
2026
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Memorandum
House Bill 2906, if enacted, would provide health insurance coverage for scalp cooling systems for the preservation of hair during cancer chemotherapy treatments.
HB2906 could have an impact on insurance premium rates in the private market. While an increase in health insurance premiums rates could be expected, the WVOIC does not have the data to calculate the extent of the possible increase.
It should be noted that HB2906 does not contain language limiting the insurance benefits provided under the proposed bill to the essential health benefits (EHB)specified under section 130(b) of the Patient Protection and Affordable Care Act (PPACA). PPACA 1311 (d)(3) provides that a state must defray the cost by direct payment to enrollees or to the Plan of any state mandated benefit in excess of the EHB. To the extent that the health insurance benefits required by HB2906 do not fall within the EHB, a potential cost to the State exists.
Person submitting Fiscal Note: Rhonda Hartwell
Email Address: rhonda.c.hartwell@wv.gov