SB 110 Summary

• Allows school districts and the University of Alaska to elect participation in state health insurance policies, either group insurance or self-insurance administered by the Department of Administration.

• Participating school employers must contribute to the group health and life benefits fund at rates set by the commissioner of administration and reimburse the state for excess loss insurance costs and the first four months of insurance claims, with reimbursement allowed over up to 10 years.

• Authorizes the commissioner of administration to expend up to $100,000,000 from the public education fund to pay claims for district employees covered under self-insurance, with 10-year reimbursement to the education fund required.

• Establishes that school employers may require employees to contribute to insurance costs subject to the Public Employee Relations Act (AS 23.40.070 - 23.40.260).

• Takes effect July 1, 2024, with transition provisions requiring governmental units with existing self-funded reserves to transfer closing balances to the state benefits fund within 30 days of enrollment.