| 122nd MAINE LEGISLATURE | |||||||||
| LD 447 | LR 0869(01) | ||||||||
| An Act To Require Health Insurers To Cover the Costs of Hearing Aids | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: President Edmonds of Cumberland | |||||||||
| Committee: Insurance and Financial Services | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Potential current biennium cost increase - All Funds | |||||||||
| Fiscal Detail and Notes | |||||||||
| The State Employee Health Plan is expected to incur an increase in utilization resulting in additional annual claims expenses of approximately $120,000. Increased claims typically result in increased costs for health insurance. It is further assumed the provisions of this bill do not apply to the state MaineCare/Medicaid program. Any additional costs to the Bureau of Insurance within the Department of Professional and Financial Regulation in implementing this bill can be absorbed utilizing existing resources. | |||||||||