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F I S C A L I M P A C T R E P O R T

SPONSOR Vigil

DATE TYPED

2/9/05

HB 665

SHORT TITLE School board Member Health Insurance Benefits

SB

ANALYST Wilson

APPROPRIATION

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

NFI

SOURCES OF INFORMATION

LFC Files

Responses Received From

Health Policy Commission (HPC

Public Regulation Commission (PRC)

Public School Insurance Authority (PSIA)

SUMMARY

Synopsis of Bill

House Bill 665

This bill allows local school board members to participate in the New Mexico

Public Schools Insurance Authority plan, provided they pay 100% of the premium.

Significant Issues

According to The New Mexico Public Schools Insurance Authority, its rules and regulations al-

ready allow active school board members to participate in the PSIA plan at 100% of premium.

Eligibility begins the day the school board member takes the oath of office and ends when they

are no longer active board members. Post-eligibility health benefits can be continued through

COBRA continuation for up to eighteen months.

Group life benefits are also available to school board members at the voluntary life rates in an

amount equal to the school district’s basic life amount.

DW/njw