FISCAL NOTE

Date Requested: February 06, 2019
Time Requested: 11:31 AM
Agency: Insurance Commission
CBD Number: Version: Bill Number: Resolution Number:
2643 Introduced HB2873
CBD Subject: Insurance


FUND(S):

7152

Sources of Revenue:

Special Fund

Legislation creates:

Creates New Expense



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


House Bill 2873, if enacted, would require the Secretary of the Department of Health and Human Resources to establish an insurance program for health and medical insurance coverage to be offered in WV counties with limited insurance providers. HB 2873 also requires that the Insurance Commissioner and the Director of the Public Employees Insurance Agency provide assistance to the DHHR Secretary upon the Secretary’s request. The Offices of the Insurance Commissioner (OIC) is unable to quantify the potential cost of the enactment of HB 2873 at this time.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2019
Increase/Decrease
(use"-")
2020
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):






Memorandum


House Bill 2873, if enacted, would require the Secretary of the Department of Health and Human Resources to establish an insurance program for health and medical insurance coverage to be offered in WV counties with limited insurance providers. HB 2873 also requires that the Insurance Commissioner and the Director of the Public Employees Insurance Agency provide assistance to the DHHR Secretary upon the Secretary’s request. At this time, the Offices of the Insurance Commissioner (OIC) does not know if the DHHR Secretary will request assistance from the Insurance Commissioner and if so, what type of assistance would be requested. Depending on the type of program assistance requested, the potential costs to the OIC could be significant.



    Person submitting Fiscal Note: Melinda Kiss
    Email Address: Melinda.A.Kiss@wv.gov