LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 14, 2009 TO: Honorable Joe Straus, Speaker of the House, House of Representatives FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2064 by Smithee (Relating to premium discounts for certain participants in the Texas Health Insurance Risk Pool and to related tax credits for health benefit plan issuers.), As Passed 2nd House No fiscal implication to the State is anticipated. The bill would amend Chapter 1506 of the Insurance Code to provide discounted insurance premiums for specified participants in the Texas Health Insurance Risk Pool (Health Pool). The bill would provide that discounted premiums would be offered to certain members of the Health Pool on a sliding scale based on a person's financial need as defined by the bill. The bill would amend Chapters 843 and 1301 of the Insurance Code to provide that a portion of certain penalty payments and interest payments that are statutorily paid by Health Maintenance Organizations and Preferred Provider Benefit plans for late claim payments would be used to fund the discounted premiums. The board of directors of the Health Pool would collect these penalty and interest payments. The bill would take effect January 1, 2010. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, SD, RS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 14, 2009
TO: Honorable Joe Straus, Speaker of the House, House of Representatives FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2064 by Smithee (Relating to premium discounts for certain participants in the Texas Health Insurance Risk Pool and to related tax credits for health benefit plan issuers.), As Passed 2nd House
TO: Honorable Joe Straus, Speaker of the House, House of Representatives
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2064 by Smithee (Relating to premium discounts for certain participants in the Texas Health Insurance Risk Pool and to related tax credits for health benefit plan issuers.), As Passed 2nd House
Honorable Joe Straus, Speaker of the House, House of Representatives
Honorable Joe Straus, Speaker of the House, House of Representatives
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB2064 by Smithee (Relating to premium discounts for certain participants in the Texas Health Insurance Risk Pool and to related tax credits for health benefit plan issuers.), As Passed 2nd House
HB2064 by Smithee (Relating to premium discounts for certain participants in the Texas Health Insurance Risk Pool and to related tax credits for health benefit plan issuers.), As Passed 2nd House
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 1506 of the Insurance Code to provide discounted insurance premiums for specified participants in the Texas Health Insurance Risk Pool (Health Pool). The bill would provide that discounted premiums would be offered to certain members of the Health Pool on a sliding scale based on a person's financial need as defined by the bill. The bill would amend Chapters 843 and 1301 of the Insurance Code to provide that a portion of certain penalty payments and interest payments that are statutorily paid by Health Maintenance Organizations and Preferred Provider Benefit plans for late claim payments would be used to fund the discounted premiums. The board of directors of the Health Pool would collect these penalty and interest payments. The bill would take effect January 1, 2010.
The bill would amend Chapter 1506 of the Insurance Code to provide discounted insurance premiums for specified participants in the Texas Health Insurance Risk Pool (Health Pool). The bill would provide that discounted premiums would be offered to certain members of the Health Pool on a sliding scale based on a person's financial need as defined by the bill.
The bill would amend Chapters 843 and 1301 of the Insurance Code to provide that a portion of certain penalty payments and interest payments that are statutorily paid by Health Maintenance Organizations and Preferred Provider Benefit plans for late claim payments would be used to fund the discounted premiums. The board of directors of the Health Pool would collect these penalty and interest payments.
The bill would take effect January 1, 2010.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, SD, RS
JOB, SD, RS