Request Title | 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 |
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. |
Object Type | FY 2014 | FY 2015 | |
General Fund Dollars | $24,584,583 | $59,260,533 | |
Nongeneral Fund Dollars | $0 | $0 | |
General Fund Positions | 0.00 | 0.00 | |
Nongeneral Positions | 0.00 | 0.00 | |
General Fund Transfers | $0 | $0 | |
General Fund Revenue | $0 | $0 | |
Layoffs | $0 | $0 | |
Additions to Balance | $0 | $0 |
By Program | Program Code | Program Title | FY 2014 | FY 2015 |
757 | Compensation And Benefit Adjustments | $24,584,583 | $59,260,533 | |
By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
0100 | General Fund | $24,584,583 | $59,260,533 |
By Program | Program Code | Program Title | FY 2014 | FY 2015 |