OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www. cga. ct. gov/ofa

sHB-5013

AN ACT CONCERNING THE BOARD MEMBERS OF THE CONNECTICUT HEALTH INSURANCE EXCHANGE.

As Amended by House "A" (LCO 3847)

House Calendar No. : 46

OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill makes a variety of changes to the composition of the board of the Connecticut Health Insurance Exchange (exchange). There is no fiscal impact.

In addition, the bill allows employees of the exchange the option of participating in the state employee health plan. The current number of exchange employees is estimated to be less than 50. The annual cost to the exchange for providing health benefits, assuming the same employer share as the state, will be up to $670,000.

It is anticipated the number of employees who would be eligible to join the state employee plan is insignificant and therefore would not impact the risk of the state employee pool or the premium equivalent for the state and employees participating in the plan.

House “A” strikes the underlying bill and makes the aforementioned changes which do not result in a fiscal impact.

The Out Years

State Impact: None

Municipal Impact: None