Replaces the title and everything after the enacting clause with provisions similar to House Bill 3561 as introduced. Deletes participation by self-employed individuals. Provides for participation by a small business having fewer that 50, rather than 25, employees. Specifically allows for payment for coverage by the employees. Provides that employees that have other coverage do not have to enroll in the coverage. Authorizes the use of State funds, pursuant to appropriation, in operating the plan. Provides for the utilization of insurance producers in the marketing of the plans. Effective January 1, 2004.
Fiscal Note (H-AM 1) (Dept of Central Management Services)
The Department of Central Management Services anticipates a first-year cost of approximately $1,386,155, including nine staff, and a subsequent annual cost of approximately $816,655 as a result of this bill.