| 122nd MAINE LEGISLATURE | |||||||||
| LD 2098 | LR 3256(02) | ||||||||
| An Act Authorizing Participation in the State Group Health Plan for Retiring Legislators | |||||||||
| Fiscal Note for Senate Amendment " " | |||||||||
| Sponsor: Sen. Martin | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Undetermined current biennium fiscal impact - General Fund | |||||||||
| Fiscal Detail and Notes | |||||||||
| Allowing any Maine citizen to elect to participate in the State Employee Health Plan (SEHP) would have a significant fiscal impact on the Plan that cannot be determined at this time. In addition to the administrative costs of implementing and operating this expansion of the Plan, there would be additional costs to the Plan from the additional risk it would assume for this expansion population. Even if the incremental costs of the expansion could be offset by premiums paid by the expansion population, the expansion could result in additional reserve and stop-loss insurance requirements for the Plan as a whole. | |||||||||