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129th MAINE LEGISLATURE |
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LD 38 |
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LR 291(01) |
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An Act To Require
Insurance Coverage for Hearing Aids for Adults |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Handy of Lewiston |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$311,128 |
$311,128 |
$311,128 |
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Highway Fund |
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$0 |
$111,460 |
$111,460 |
$111,460 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$311,128 |
$311,128 |
$311,128 |
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Highway Fund |
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$0 |
$111,460 |
$111,460 |
$111,460 |
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| Fiscal Detail
and Notes |
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The State
Employee Health Plan estimates that covering hearing aids will increase
premiums by $2.14 per month. The total cost to the plan is estimated to be
$681,804 annually for the 26,550 current plan members. State departments and
agencies, which pay premiums to the health plan, will require General Fund
appropriations of $311,128 in fiscal year 2020-21 and Highway Fund
allocations of $111,460 in fiscal year 2020-21 to cover the increased premium
costs for those two funds. The remaining costs of $259,216 will be absorbed
by multiple funds across state government. It is expected that coverage of
hearing aids under the State Employee Health Plan will begin on or after July
1, 2020. |
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