FISCAL NOTE
Date Requested: February 13, 2026
Time Requested: 05:52 PM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1765 |
Introduced |
HB5527 |
|
|---|
| CBD Subject: |
Insurance |
|---|
|
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 5527, if enacted, relates to Wellness Reimbursement Programs to be licensed in this state by the Insurance Commissioner.
The provisions outlined in HB5527 would increase the workload of the Life and Health Unit. The duties would require the hiring of additional staff to manage the expanded regulatory functions in the bill.
See Memorandum Summary for more information.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
95,000 |
95,000 |
| 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):
The estimate above accounts for the hiring of one (1) Life and Health Regulatory Analyst position at $60,000 annual salary and $35,000 employer paid benefits per year.
Memorandum
House Bill 5527, if enacted, relates to the authorization of wellness reimbursement plans that are self-insured medical plans or wellness integrated medical plan expense reimbursement plans to be licensed in this state by the Insurance Commissioner.
Based on new regulatory oversight functions in HB5527, the OIC estimates that an additional full time employee (FTE) would be required to fulfill all duties outlined in the bill. The fiscal impact is estimated to be $60,000 annual salary with $35,000 employer paid benefits per year for a total $95,000 annual increased cost to the OIC.
Person submitting Fiscal Note: Juanita Wimmer
Email Address: juanita.d.wimmer@wv.gov