This Fiscal Note is not an official copy and should not be quoted or cited.
This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0120 - Requires a standardized form for explanation of benefits to providers by insurers
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 0425-01
BILL NO.: SB 120
SUBJECT: Insurance
TYPE: Original
DATE: December 29, 1998
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| None | |||
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON FEDERAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| None | |||
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON LOCAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
The Department of Transportation, Department of Corrections, Department of Conservation, and Department of Public Safety, Missouri State Highway Patrol assume this proposal would not fiscally impact their agencies.
The Department of Insurance assumes this proposal would result in minimal fiscal impact on their agency, and existing staff would be used to implement its provisions.
Officials of the Missouri Consolidated Health Care Plan state this proposal would require some administrative costs to the carriers; however, any impact would be minimal.
| FISCAL IMPACT - State Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| $0 | $0 | $0 | |
| FISCAL IMPACT - Local Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| $0 | $0 | $0 | |
| FISCAL IMPACT - Small Business | |||
| No direct fiscal impact to small businesses would be expected as a result of this proposal. | |||
DESCRIPTION
This proposal requires all health insurance carriers to use a standardized form for insurance cards issued to the insured. The Department of Insurance is required to develop the standardized insurance card, including name of insured, insured's identification number, date of service, and amount of charge. The Department of Insurance must implement this proposal through rulemaking procedures by January 1, 2000.
SOURCES OF INFORMATION
Department of Insurance
Department of Corrections
Department of Conservation
Department of Transportation
Missouri Consolidated Health Care Plan
Department of Public Safety
Missouri State Highway Patrol
Jeanne Jarrett, CPA
Director
December 29, 1998