OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING THE BOARD MEMBERS OF THE CONNECTICUT HEALTH INSURANCE EXCHANGE.
LCO No.: 3847
File Copy No.: 5
House Calendar No.: 46
OFA Fiscal Note
The amendment 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 amendment 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.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.