Insurance; purchase of benefits by school district employees; enrollment period; effective date.

Removed language clarifying the type of plan for annual election and modified the description of enrollment periods for benefits.

Updated bill title from 'Engrossed' to 'Proposed Policy Committee Substitute' and changed page headers from 'ENGR. H. B. NO. 1769' to 'Req. No. 12304'.

Removed the phrase 'clarifying type of plan for annual election' from the act's summary description.

Replaced a broad 'Insurance Act of 2025' with specific amendments to existing Section 26-105 regarding cafeteria plans for school district employees

Changed flexible benefit allowance calculations from fixed dollar amounts for 2002 to percentage-based calculations tied to HealthChoice plan premiums for years 2003 and later

Added option for school districts to provide flexible benefit allowances to superintendents funded through local revenue

Added specific enrollment period dates (November 1 to December 15) and clarified that enrollment applies only to major medical plans, not additional benefits

Added new subsections clarifying that employees terminating employment retain benefit allowances for the remainder of their benefit term

Added provisions allowing employees hired after the enrollment period to still make benefit elections

Added language clarifying that the flexible benefit allowance is used through a cafeteria plan to purchase major medical health care plan coverage, and excess amounts can be taken as taxable compensation.

Inserted new provision allowing enrollment for additional benefits offered by the school district on dates determined appropriate by the district, outside the standard November 1 to December 15 enrollment period.

Reorganized document formatting and page numbering, changing from 'Proposed Policy Committee Substitute' to 'Committee Substitute' with updated legislative session headers and page references.

Added explicit effective date of November 1, 2025, and restructured the fiscal year benefit amount provisions for clarity.