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 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