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129th MAINE LEGISLATURE |
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LD 376 |
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LR 1269(03) |
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An Act To Expand
Health Insurance Options for Town Academies |
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Fiscal Note for
Bill as Engrossed with:
C "A" (H-199) |
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Committee: Health Coverage, Insurance and
Financial Services |
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| Fiscal Note |
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| Potential future biennium impact- All Funds |
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| Fiscal Detail
and Notes |
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Allowing
employees of an academy approved for tuition purposes to be eligible for
coverage under the state employee health insurance program could result in
increased costs to an academy to cover the employer costs of participating in
the program. Any potential costs to an academy will depend on the number of
persons employed who elect for coverage and would be offset by elimination of
costs from coverage already offered by an academy. According to data provided
by the Department of Education, there are currently 10 town academies that
are approved for tuition purposes. These 10 academies include 743 full time
employees and 60 part time employees.
Including additional persons in the state employee health insurance program
could result in increased costs or savings to the plan depending on the
demographics and claim histories of those who join the plan. Any costs or
savings would likely be reflected through changes in premium amounts in
future fiscal years. |
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