FISCAL NOTE
Date Requested: July 27, 2022 Time Requested: 09:35 AM |
Agency: |
Insurance Commission |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
6004 |
Introduced |
SB3001 |
|
CBD Subject: |
|
---|
|
FUND(S):
7152 Insurance Commission Fund
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
If enacted, Senate Bill 3001 would require insurance coverage for specified sterilization procedures.
SB3001 would have no 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 |
2022 Increase/Decrease (use"-") |
2023 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
If enacted, Senate Bill 3001 would require insurance coverage for specified sterilization procedures.
SB3001 would have no fiscal impact on the Offices of the Insurance Commissioner.
PEIA, DHHR and the State Tax Department should be consulted regarding the fiscal impact of SB3001 to their programs.
It should be noted that SB3001 does not contain language limiting the insurance benefits provided under the bill to the essential health benefits (EHB) specified under section 130(b) of the Patient Protection and Affordable Care Act (PPACA). PPACA 1311(d)(3) provides that a state must defray the cost by direct payment to enrollees or to the Plan of any state mandated benefits in excess of the EHB. To the extent that the health insurance benefits required by SB3001 so not fall within the EHB, a potential cost to the State exists.
Person submitting Fiscal Note: Melinda Kiss
Email Address: Melinda.A.Kiss@wv.gov