Provide additional funding for the state employee health insurance program
Biennium
2014-2016
Budget Round
Initial Bill
Category
Unanticipated and unavoidable cost adjustments
Region
None
Description
Provides funding to cover the general fund share of increased premiums for the state employee health insurance program. The increased costs are due to a number of factors, including a significant increase in catastrophic claims, high cost specialty prescription medications, impacts associated with the Patient Protection and Affordable Care Act, start-up funding for an on-site state employee clinic near Capitol Square, waiving Tier 1 and 2 co-pays for asthma/COPD and antihypertensive medications, and the rebuilding of the Incurred But Not Reported (IBNR) reserve. Savings factored into this adjustment include a COVA Care plan medication co-pay increase of $5 for Tier 2 to 4 prescriptions filled at retail locations and an increase of $10 for Tier 2 to 4 prescriptions filled by mail.