Mental health insurance parity.

03LSO-0326.L1

                                                         

FISCAL NOTE (HB0109)

 

This legislation impacts the Employees’ Group Insurance Plan offered by the State. The plan must include coverage mandated by Wyoming insurance laws.

 

 

 

FY 2004

FY 2005

FY 2006

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase:

 

 

 

ENTERPRISE FUND

1,584,826

1,773,428

1,984,459

 

Source of revenue increase:

 

Employee contributions through payroll deduction

 

Assumptions:

 

Mental health parity will increase Plan costs by 2 percent of total claims.

 

 

 

 

FY 2004

FY 2005

FY 2006

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Expenditure Increase:

 

 

 

ENTERPRISE FUND

1,584,826

1,773,428

1,984,459

 

Source of expenditure increase:

 

Expanded benefits for mental health coverage

 

Assumptions:

 

Mental health parity will increase Plan costs by 2 percent of total claims.

 

 

 

 

Prepared by:   Ralph Hayes, Employees Group Ins.     Phone:   777-5440