Colorado Legislative Council Staff
NO FISCAL IMPACT
January 15, 1998
Steve Tammeus (866-2756)
TITLE: CONCERNING THE ELIGIBILITY REQUIREMENTS FOR CHILDREN TO BE ENROLLED IN THE HEALTH CARE PROGRAM SPONSORED BY THE PUBLIC EMPLOYEE’S RETIREMENT ASSOCIATION.
Summary of Assessment
This bill provides that dependents, as defined in the “Colorado Health Care Coverage Act”, and qualified children, as defined by rules adopted by the Board of the Public Employee’s Retirement Association (PERA), shall be eligible to participate in PERA’s health care program. The bill will become effective upon the signature of the Governor.
This bill provides that the eligibility requirements for children to be covered under the health care program sponsored by PERA include the eligibility requirements applicable to insured plans under current law. The provisions of this bill will increase the number of children who may be eligible for coverage under the PERA health care program.
The premiums for health care coverage are shared by PERA and the benefit recipients. The amount of the PERA contribution is established by statute at a maximum of $115 per month. The amount the benefit recipient pays is dependent upon the coverage selected, the number of persons the recipient enrolls, and the number of years of service credit on which the PERA retirement benefit is based. Therefore, any increases in the cost of coverage will be borne by any benefit recipient who elects to cover any additional eligible children under the health care program.
The provisions of this bill will not affect the PERA contributions, PERA retirement trust funds, or the actuarial soundness of the PERA Health Care Fund. The bill will not affect state, or local government, revenue or expenditures. Therefore, the bill is assessed as having no fiscal impact.