Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB20 by Taylor, Larry (Relating to health plan and health benefit plan coverage for abortions.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend various statutory provisions relating to health plan and health benefit plan coverage for abortions, including qualified health plans offered through a health benefit exchange.
Based on information provided by the Texas Department of Insurance (TDI), Texas A&M University System Administration, The University of Texas System Administration, Employees Retirement System, and Teacher Retirement System it is assumed that any costs associated with the implementation of the bill would be absorbed within existing agency resources. Based on information provided by TDI, the bill could result in a slight increase of form filing revenues deposited to the General Revenue-Dedicated Texas Department of Insurance Fund 36 (GR-D Fund 36). Since GR-D 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 TDI would adjust the assessment of the maintenance tax or other fees accordingly in the following years.
The bill would go into effect on September 1, 2017 and would apply to health insurance plans issued on or after January 1, 2018.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
323 Teacher Retirement System, 327 Employees Retirement System, 454 Department of Insurance, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration