132nd MAINE LEGISLATURE
		LD 328		LR 307(01)
	An Act Requiring the State to Pay a Retired State Employee's or Retired Teacher's Premium for Medicare Part B Under Medicare Advantage
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Shagoury of Hallowell
	Committee: Labor
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$20,218,650	$40,437,300	$40,437,300	$40,437,300
Appropriations/Allocations
	General Fund		$20,218,650	$40,437,300	$40,437,300	$40,437,300
Fiscal Detail and Notes
	The bill will require a General Fund appropriation to the Department of Administrative and Financial Services of $20,218,650 in fiscal year 2025-26 and ongoing General Fund appropriations of $40,437,300 annually thereafter to fund 100% of retired state employees' and retired teachers' premiums for Medicare Part B under the Medicare Advantage plan beginning January 1, 2026.