2020 Special Session I

Budget Amendments - HB5005 (Committee Approved)

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Health Insurance Premium Holiday

Item 477 #3h

Item 477 #3h

First Year - FY2021 Second Year - FY2022
Central Appropriations
Central Appropriations FY2021 ($46,111,165) FY2022 $0 GF

Page 204, line 6, strike "$139,552,150" and insert "$93,440,985".

Page 204, after line 6, insert:

“CC. 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 December 2020."


(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.)