Mental health insurance parity.

06LSO-0178.C1

CORRECTED COPY

FISCAL NOTE

This legislation impacts the Employees' Group Insurance Plan offered by the State. The plan must include coverage mandated by Wyoming insurance laws.

	FY 2007	FY 2008	FY 2009
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
ENTERPRISE FUND	216,619	245,743	278,471

Source of revenue increase: 15.0 percent employee contributions through payroll deduction

Assumptions:

Mental health parity will increase Plan costs between 1.5 and 2.0 percent of total claims, based on information provided by Great-West Healthcare.

	FY 2007	FY 2008	FY 2009
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Increase:
ENTERPRISE FUND	1,444,127	1,638,298	1,858,271

Source of expenditure increase: Expanded benefits for mental health coverage

Assumptions:

Mental health parity will increase Plan costs between 1.5 and 2.0 percent of total claims, based on information provided by Great-West Healthcare.

It is assumed the difference between the 15.0 percent employee contribution revenue increase and the anticipated expenditure increase will be funded through increased employer contributions utilizing General Fund, Federal Fund and Other Fund sources, provided that the legislature continues the 85.0 percent employer contribution levels.

Prepared by:   Dean Temte, LSO    Phone:   777-7881

(Information provided by Ralph Hayes, Employees Group Ins.; 777-5440)