|129th MAINE LEGISLATURE|
|LD 376||LR 1269(01)|
|An Act To Expand Health Insurance Options for Town Academies|
|Preliminary Fiscal Impact Statement for Original Bill|
|Sponsor: Rep. Devin of Newcastle|
|Committee: Health Coverage, Insurance and Financial Services|
|Fiscal Note Required: Yes|
|Preliminary Fiscal Impact Statement|
|Potential future biennium impact- All Funds|
|Fiscal Detail and Notes|
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.