| TO: | Honorable Robert Duncan, Chair, Senate Committee on State Affairs |
| FROM: | Ursula Parks, Director, Legislative Budget Board |
| IN RE: | SB1485 by Watson (Relating to the definition of serious mental illness for purposes of certain group health benefit plans.), As Introduced |
The bill would amend the Insurance Code definition of serious mental illness to include post traumatic stress disorder.
Based on information provided by the Texas Department of Insurance (TDI), it is assumed that any costs associated with the implementation of this bill would be absorbed within existing staff and resources. Also, based on information provided by TDI, this analysis assumes that implementation of the bill would result in a one-time revenue gain ($51,500 in fiscal year 2014) in General Revenue-Dedicated Texas Department of Insurance Fund 36 from filing fees. Since General Revenue-Dedicated Texas Department of Insurance Fund 36 is a self-leveling account, this analysis also assumes that any additional revenue resulting from the implementation of the bill would accumulate in account fund balances and that the department would adjust the assessment of the maintenance tax or other fees accordingly in the following year.
Based on the information provided by the Employees Retirement System, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing agency resources.
Based on information provided by the Teacher Retirement System, the bill would have no fiscal impact on the agency.
| Source Agencies: | 327 Employees Retirement System, 454 Department of Insurance, 323 Teacher Retirement System
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| LBB Staff: | UP, AG, MW, ER, LXH
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