FISCAL NOTE
Date Requested: February 06, 2019 Time Requested: 11:31 AM |
Agency: |
Insurance Commission |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2643 |
Introduced |
HB2873 |
|
CBD Subject: |
Insurance |
---|
|
FUND(S):
7152
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 2873, if enacted, would require the Secretary of the Department of Health and Human Resources to establish an insurance program for health and medical insurance coverage to be offered in WV counties with limited insurance providers.
HB 2873 also requires that the Insurance Commissioner and the Director of the Public Employees Insurance Agency provide assistance to the DHHR Secretary upon the Secretary’s request.
The Offices of the Insurance Commissioner (OIC) is unable to quantify the potential cost of the enactment of HB 2873 at this time.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2019 Increase/Decrease (use"-") |
2020 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):
Memorandum
House Bill 2873, if enacted, would require the Secretary of the Department of Health and Human Resources to establish an insurance program for health and medical insurance coverage to be offered in WV counties with limited insurance providers.
HB 2873 also requires that the Insurance Commissioner and the Director of the Public Employees Insurance Agency provide assistance to the DHHR Secretary upon the Secretary’s request.
At this time, the Offices of the Insurance Commissioner (OIC) does not know if the DHHR Secretary will request assistance from the Insurance Commissioner and if so, what type of assistance would be requested. Depending on the type of program assistance requested, the potential costs to the OIC could be significant.
Person submitting Fiscal Note: Melinda Kiss
Email Address: Melinda.A.Kiss@wv.gov