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132nd MAINE LEGISLATURE |
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LD 843 |
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LR 1701(02) |
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An Act to
Continue Funding for the Health Insurance Consumer Assistance Program |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$300,000 |
$300,000 |
$0 |
$0 |
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| Transfers |
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Other Special Revenue Funds |
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$0 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The bill includes
a one-time Other Special Revenue Funds allocation of $300,000 in fiscal year
2025-26 and fiscal year 2026-27 to the Department of the Attorney General to
contract with a designated nonprofit, independent health insurance consumer
assistance entity to continue to operate the Health Insurance Consumer
Assistance Program, as established in the Maine Revised Statutes, Title 24-A,
section 4326. |
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The bill requires
that on November 1, 2025 and on June 30, 2026, the State Controller shall
transfer $300,000 from available balances in the Bureau of Insurance Other
Special Revenue Funds account within the Department of Professional and
Financial Regulation to the Department of the Attorney General. |
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Any additional
costs to the Department of the Attorney General associated with receiving the
report from the consumer assistance program and preparing a report for the
Legislature are expected to be minor and can be absorbed within existing
budgeted resources. |
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