OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sSB-11

AN ACT CONCERNING THE DUTIES OF THE CONNECTICUT HEALTH INSURANCE EXCHANGE.

AMENDMENT

LCO No.: 3422

File Copy No.: 8

Senate Calendar No.: 44


OFA Fiscal Note

MINIMAL COST

The amendment may result in a minimal cost to the state health exchange, Access Health CT.1 The amendment adds an insurer, appointed by the Governor, to the exchange's board of directors as of October 1, 2014. Exchange board members are not compensated, but are reimbursed for any necessary expenses incurred in service of the board.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.

1 Access Health CT is a quasi-public state agency whose expenses, including those of its board, are paid for by the exchange. Aside from federal planning grant funds, the exchange is financed by an assessment on insurers.