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129th MAINE LEGISLATURE |
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LD 5 |
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LR 393(03) |
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An Act To Require
Notification of Proposed Rate Increases for Long-term Care Policies |
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Fiscal Note for
Bill as Engrossed with:
C "A" (H-25) |
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Committee: Health Coverage, Insurance and
Financial Services |
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| Fiscal Note |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$11,100 |
$14,800 |
$14,800 |
$14,800 |
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| Fiscal Detail
and Notes |
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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. |
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