Texas House Bill HB151

Texas 2017 - 85th 1st C.S.

Caption

Relating to the administration of certain group benefits by the Teacher Retirement System of Texas; making an appropriation.

Impact

The impact of this bill on state laws is significant as it modifies the Insurance Code, specifically Chapter 1575, to allow for the appropriation of state funds to support health benefit plans. This action represents a commitment to a structured approach in providing financial assistance to groups eligible for Medicare and other related programs. The requirement for annual reports regarding the use of appropriated funds ensures governmental oversight and accountability in how financial assistance is utilized, promoting transparency within the Teacher Retirement System's operations.

Summary

House Bill 151 focuses on the administration of group benefits offered through the Teacher Retirement System of Texas. The bill proposes appropriations aimed at reducing out-of-pocket costs for health benefit plans for eligible retirees, dependents, and surviving family members. By mandating that funds be used for specific purposes such as reducing deductibles and providing first-dollar coverage for prescription drugs, the bill aims to improve healthcare affordability for Texas retirees and their families. The financial guidelines outlined in the bill specify the allocation of $250 million for four consecutive plan years, ensuring that funds are systematically distributed.

Contention

While the appropriations in HB 151 might be seen as an essential step toward improving healthcare access for retired school employees, some may argue about the sustainability of allocating such substantial funds annually. The timeframe of the appropriations, specifically designated until December 31, 2023, may incite discussions regarding the long-term viability and funding of these initiatives, as well as their potential to influence future state budgetary decisions. Critics may also question whether the structure set forth can openly adapt to evolving healthcare trends and demands.