OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-913

AN ACT CONCERNING HEALTH CARE DATA REPORTING AND THE ENROLLMENT OF NONSTATE PUBLIC EMPLOYEES IN THE STATE EMPLOYEE HEALTH PLAN.

AMENDMENT

LCO No.: 8059

File Copy No.: 338

Senate Calendar No.: 238


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 16 $

FY 17 $

Comptroller

GF - Cost

At Least $100,000

At Least $100,000

State Comptroller - Fringe Benefits1

GF, TF - Cost

Approximately $25 million

Approximately $25 million

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment will result in a cost to the state employee and retiree health plan of approximately $25 million a year to comply with the reserve and net worth requirements established by the National Association of Insurance Commissioners and in accordance with current state law. In addition, the amendment will result in a cost to the Office of the State Comptroller for actuarial and administrative support of at least $100,000 a year to (1) comply with the annual reporting requirements in CGS 38a-53 and (2) the certification and calculation of the reserve requirements for the state health plan.

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 The fringe benefit costs for most state employees are budgeted centrally in accounts administered by the Comptroller. The estimated active employee fringe benefit cost associated with most personnel changes is 38.65% of payroll in FY 16 and FY 17.