Bill > S2994

Introduced Session

This bill concerns the annual reporting requirements of the State Health Benefits Plan Commission and the School Employees' Health Benefits Plan Commission. This bill establishes an annual reporting requirement for the State Health Benefits Plan Commission and the School Employees' Health Benefits Plan Commission. It requires each commission to annually publish a rate setting recommendation analysis report that is prepared by an actuarial firm. The report will include an executive summary, the plan overview for the upcoming year, a trend analysis, financial projections, rate setting developments, and any exhibits to further support the findings of the report. The commission will submit the report to the Governor and the Legislature, and the Division of Pensions and Benefits will post the report on its website for the public. The commission will accept comments from the public for a period of time after the report is released. The commission will then hold at least one public hearing after the release of the report to allow for input on the rate setting recommendation analysis.

AI Summary

Committee Categories

Teresa Ruiz (D)*,  Shirley Turner (D)*,  Nia Gill (D),  Linda Greenstein (D), 

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 09/22/2022)

Official Document