LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 463 SLS 24RS 1297
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 22, 2024 10:43 AM Author: WHEAT
Dept./Agy.: Insurance and Office of Group Benefits
Subject: LA Dental Loss Ratios for Dental Healthcare Services Plans Act Analyst: Patrice Thomas
DENTAL HEALTH EN +$38,500 SG EX See Note Page 1 of 1
Creates the Louisiana Dental Loss Ratios for Dental Healthcare Services Plans Act. (1/1/25)
Proposed law creates the LA Dental Loss Ratios for Dental Healthcare Services Plans Act, which requires dental carriers to file
an annual report for dental loss ratios to the Commissioner of Insurance/LA Department of Insurance (LDI) by March 1,
2025, and annually thereafter by March 1st. Proposed law provides for the required information included in the dental loss
ratio annual report. Proposed law provides that the Commissioner may request additional information from the carrier to
verify the annual report data. Proposed law requires the Commissioner to promulgate rules and the dental ratio report to be
published in a searchable format on LDI's website by June 30, 2025, and annually thereafter by June 30th. Proposed law
provides definitions for "dental carrier", "dental healthcare service plan", and "dental loss ratio". Proposed law does not apply
to plans under Medicaid or LA Children’s Health Insurance Plan (LA CHIP). Proposed law effective January 1, 2025.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $38,500 $0 $0 $0 $0 $38,500
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $38,500 $0 $0 $0 $0 $38,500
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
Proposed law will result in a one-time IT cost of $38,500 in the LA Department of Insurance (LDI) in FY 25. By March 1,
2025, and annually thereafter, the proposed law requires all dental healthcare service plans to file a dental loss ratio annual
report for the proceeding calendar year to the Commissioner of Insurance/LA Department of Insurance (LDI). The proposed
law requires the Commissioner/LDI to do the following: (1) request additional information through written notice from a plan
to verify report data; (2) publish annual reports on the department’s website in a searchable format no later than June 30th;
(3) file an annual report on data collected to the Senate and House Committees on Insurance and forward a copy to the
Poynter Legislative Research Library by June 30th; and (4) promulgate rules and regulations including administrative and
overhead cost expenditures.
LDI reports a one-time IT cost to perform the programming changes to the department’s website by an Office of Technology
Services (OTS) contractor (350 hours x $110 per hour = $38,500). LDI reports any workload associated with collecting and
publishing annual dental loss ratio reports, as well as IT cost to develop a new searchable page on its website, will be
handled with existing staff and resources.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Alan M. Boxberger
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Legislative Fiscal Officer