This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0703 - Licensed Clinical Social Workers Included Under Health Plans
L.R. NO. 2889-01
BILL NO. Truly Agreed To and Finally Passed SB 703
SUBJECT: Licenses-Professional: Mental Health
TYPE: Original
DATE: May 1, 1996
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1997 FY 1998 FY 1999
Insurance
Dedicated Fund $40,500 $0 $0
Total Estimated
Net Effect on All
State Funds $40,500 $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1997 FY 1998 FY 1999
NONE
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1997 FY 1998 FY 1999
Local Government $0 $0 $0
FISCAL ANALYSIS
ASSUMPTION
The Department of Insurance(INS) states it will need .5 FTE, an Insurance
Product Analyst II, and related expense to review all new life and health
form filings caused by changes to insurance policies and plans generated by
this and all other legislation enacted during this session. This FTE would
work full-time for six months a year. INS states that approximately 245
insurers and 25 HMOs are currently writing medical plans. On average each
company offers three plans. The result would be 810 new policy filings needed
to comply with this legislation. A policy filing fee of $50 is required and
based on 810 filings, $40,500 in revenue to the Insurance Dedicated Fund
would be generated in the first fiscal year only.
Oversight assumes the passage of this proposal would not increase cost to
INS; however, revenue of $40,500 in the first fiscal year only would be
realized. In addition, passage of more than one similar proposal could
require the INS to request increased appropriations to cover cumulative
administrative costs.
FISCAL IMPACT - State Government FY 1997 FY 1998 FY 1999
(10 Mo.)
INSURANCE DEDICATED FUND
Income - Department of Insurance
Policy Filing Fees $40,500 $0 $0
Estimated Net Effect on Insurance $40,500 $0 $0
Dedicated Fund
FISCAL IMPACT - Local Government FY 1997 FY 1998 FY 1999
(10 Mo.)
$0 $0 $0
DESCRIPTION
This proposal would increase consumer access to licensed clinical social
workers.
This legislation is not federally mandated, would not duplicate any other
program and would not require additional capital improvements or rental
space.
SOURCES OF INFORMATION
Department of Insurance