AN ACT RELATING TO LABOR AND LABOR RELATIONS -- PORTABLE BENEFIT PLAN

HB 7365 proposes a voluntary portable benefit plan for independent contractors, allowing them to access benefits like health insurance or retirement savings that stay with them across different jobs. The bill establishes that contributions to this plan cannot be used to determine employment classification (e.g., employee vs. independent contractor) or affect employer liability for workers' compensation. Key provisions require the plan to be offered through regulated insurance or employment security programs, ensuring benefits remain tied to the individual, not any specific employer. This applies directly to independent contractors and hiring parties who choose to participate, with no mandatory participation for either party. The bill takes effect upon passage and does not create new benefits but enables existing systems to operate portably.