FISCAL NOTE
Date Requested: March 09, 2021
Time Requested: 12:04 PM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2510 |
Introduced |
HB2634 |
|
|---|
| CBD Subject: |
Health |
|---|
|
FUND(S):
7152
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 2634, if enacted, would require that a licensed insurance provider, the Bureau for Medical Services and the Public Employees Insurance Agency must provide coverage for 20 visits per event for each of the treatment modalities of physical therapy, occupational therapy, osteopathic manipulation, a chronic pain management program and chiropractic services when ordered or prescribed by a health care practitioner.
House Bill 2634 will not have a significant fiscal impact on the Offices of the Insurance Commissioner.
Please see the memorandum section of this fiscal note for additional information.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2021
Increase/Decrease
(use"-") |
2022
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 2634 will not have a significant fiscal impact on the Offices of the Insurance Commissioner.
House Bill 2634, if enacted, would require that a licensed insurance provider, the Bureau for Medical Services and the Public Employees Insurance Agency must provide coverage for 20 visits per event for each of the treatment modalities of physical therapy, occupational therapy, osteopathic manipulation, a chronic pain management program and chiropractic services when ordered or prescribed by a health care practitioner.
The Bureau of Medical Services and the Public Employees Insurance Agency should be consulted regarding the fiscal impact of HB 2634 on their programs.
The OIC has consulted an actuarial firm with regard to the estimated fiscal impact on the private insurance market in the state. The consulting actuaries have indicated that they estimate that the enactment of HB 2634 will result in a 1% increase in the overall costs.
Person submitting Fiscal Note: Melinda Kiss
Email Address: Melinda.A.Kiss@wv.gov