Central Appropriations (995)
| Request Title | Adjust funding for agency health insurance premium costs |
| Biennium | 2024-2026 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Provides general fund support for the employer share of health insurance premiums. The latest actuarial report projects health insurance costs will increase by approximately 9.3 percent each year, however, the state Health Insurance Fund is projected to support a portion of the increase due to lower participant utilization. The actuarially determined rates for the state's self-insured plans assume an increase of 6.3 percent the first year and an additional 4.0 percent the second year. The rates for the state's two fully insured plans, Kaiser Permanente and Optima Health, are funded at the estimated contractually determined rates. |
Funding Summary
| Object Type | FY 2024 | FY 2025 | |
| General Fund Dollars | $39,621,717 | $66,667,915 | |
| 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 |
Funding Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
| 757 | Compensation And Benefit Adjustments | $39,621,717 | $66,667,915 | |
| By Fund | Fund Code | Fund Title | FY 2024 | FY 2025 |
| 01000 | General Fund | $39,621,717 | $66,667,915 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2024 | FY 2025 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 07:10:53
