2019 Session

Budget Amendments - HB1700 (Conference Report)

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Capture Savings From Health Insurance Premium Holiday

Item 474 #3c

Item 474 #3c

First Year - FY2019 Second Year - FY2020
Central Appropriations
Central Appropriations FY2019 $0 FY2020 ($46,111,165) GF

Page 486, line 12, strike "$239,537,205" and insert "$193,426,040".

Page 498, after line 43, insert:

"EE. The Director of the Department of Planning and Budget shall withhold from general fund appropriations of state agencies and institutions of higher education, and transfer to this item, the amount of $46,111,165 the second year representing the savings that will be realized from providing a premium holiday for members in the state employee health benefits program, including retirees and COBRA beneficiaries included in the state employee funding pool, for the two pay periods in October 2019."


(This amendment captures savings of $46.1 million from the general fund in the second year from a health insurance premium holiday covering two pay periods. The premium holiday is possible as a result of a significant increase in the health insurance fund's balances in recent years.)