CONSUMER PROTECTION (Program); CONSUMER PROTECTIONGovernor's Recommendations
2019-20
DollarsPositions
$21,020,174282.00
 
 1 of 8 Issues


Policy Area: REGULATION AND LICENSING
Issue:     ANNUALIZATION OF STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2018-19 FIVE MONTHS ANNUALIZATION
 By Appropriation Category    Show Funding SourceGovernor's Recommendations
2019-20
 DollarsPositions
OTHER PERSONAL SERVICES$1,3510.00
SALARIES AND BENEFITS$88,6190.00
Total Issue: ANNUALIZATION OF STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2018-19 FIVE MONTHS ANNUALIZATION$89,9700.00



Justification
Governor's Recommendations 2019-20
Distributions made from Administered Funds are not always intended to cover funding for a full fiscal year. Therefore, additional funding is required in the subsequent fiscal year to cover the full annual cost of these distributions. The annualization covers the portion of the year that was not funded in the prior year. The state employee health insurance premium increases were effective December 1, 2018 (for the coverage period beginning January 1, 2019), and the annualization covered the portion of the year (five months) that was not funded in Fiscal Year 2018-19.