Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
SB1771 by Duncan (Relating to the availability and continuation of certain health benefit plan coverage.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code regarding the continuation of certain health benefit plan coverage. Based on the analysis of the Texas Department of Insurance (TDI), it is assumed that there would be a one-time revenue gain of $17,000 in the General Revenue Dedicated Account Fund 36 in fiscal year 2010 because the bill would result in 170 additional form filings of small and large employer amendments. Since General Revenue Dedicated Account Fund 36 is a self-leveling account, this analysis assumes all revenue generated would go toward fund balances or the maintenance tax would be set to recover a lower level of revenue the following year. It is also assumed that any costs realized by TDI from implementing the provisions of the bill could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.