129th MAINE LEGISLATURE
		LD 5		LR 393(02)
	An Act To Require Notification of Proposed Rate Increases for Long-term Care Policies
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Health Coverage, Insurance and Financial Services
	Fiscal Note Required: Yes
Fiscal Note
			FY 2019-20	FY 2020-21	Projections  FY 2021-22	Projections  FY 2022-23
Appropriations/Allocations
	Other Special Revenue Funds		$11,100	$14,800	$14,800	$14,800
Fiscal Detail and Notes
	The bill includes Other Special Revenue Funds allocations to the Department of Professional and Financial Regulation of $11,100 in fiscal year 2019-20 and $14,800 in fiscal year 2020-21 to hold additional hearings on proposed rate increases as a result of this bill. This estimate assumes an additional 4 rate hearings annually, with an average cost of $3,700 per hearing. The department already has resources sufficient to fund the additional allocations.