122nd MAINE LEGISLATURE
		LD 2092		LR 3148(02)
	An Act to Allow a Second Opportunity To Elect Coverage under the State Group Health Plan
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Labor
	Fiscal Note Required: Yes
Fiscal Note
Undetermined current biennium cost increase - General Fund
Fiscal Detail and Notes
	Allowing a teacher who has at least 25 years of creditable service but had their employment terminated prior to retirement because their position as a teacher at a school was eliminated due to that school being closed to have a second opportunity to rejoin the teacher group health plan after retirement will result in increased General Fund costs to the State.  The amount can not be determined at this time and will depend on the number of teachers that choose to join the group plan as well as the health plan selected.  Assuming a 7% increase over July 1, 2005 premiums, the total cost per individual in fiscal year 2006-07 could range between $4,000 and $6,500 per year depending on the plan selected. The General Fund cost to fund the State's share of 45% is estimated to be between $1,800 and $2,900 in fiscal year 2006-07.