OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-544

AN ACT REQUIRING PRIOR LEGISLATIVE APPROVAL OF INCREASES IN ASSESSMENTS AND USER FEES CHARGED BY THE CONNECTICUT HEALTH INSURANCE EXCHANGE.


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill does not result in a fiscal impact to the state or municipalities as Access HealthCT, the state's health insurance exchange, is currently funded through an assessment on health and dental insurance carriers. The total assessment for FY 16 was $30.5 million1. The bill allows the exchange to (1) increase the assessment or user fees and (2) change the assessment methodology with legislative approval.

The Out Years

State Impact: None

Municipal Impact: None

1 Source: CT Health Exchange Financial Statement as of June 30, 2016.