Fiscal Note
HB0276 - Medicaid Covered At Work Premium Subsidy
State Impact:
This bill appropriates $267,500 ongoing General Fund to the Department of Health. This will be matched with $622,500 Federal Funds.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2007 Revenue | FY 2008 Revenue |
| General Fund | $267,500 | $267,500 | $0 | $0 |
| Federal Funds | $622,500 | $622,500 | $622,500 | $622,500 |
| Total | $890,000 | $890,000 | $622,500 | $622,500 |
Individual and Business Impact:
Up to 1,000 individuals could receive increased premium subsidies when they purchase their employer-sponsored health insurance. This could provide a significant savings on health costs to these individuals.
Employers of individuals enrolled in the program will have to pay the employer's share of the health insurance premium. This may vary depending on the health insurance program of the employer.
Hospitals and health care providers who care for Covered at Work enrollees may realize additional revenue.
Office of the Legislative Fiscal Analyst
2/23/2006, 1:06:20 PM