AR HB1738

Increases the State and Public School Life and Health Insurance Board from 15 to 17 voting members, adding one retired state employee and two current/retired public school administrators to improve representation of program participants.

Changes the board from a "policy-making body" to an "advisory board only," with the Secretary of the Department of Transformation and Shared Services gaining primary authority over program management and policy implementation.

Requires the board, director, and secretary to report quarterly to the legislature on program changes starting in 2022 plan year, including any premium increases over 5%, benefit modifications, and new cost-containment measures, subject to public review and approval before adoption.

Increases the state monthly contribution toward employee health insurance from $450 to $600 per budgeted state employee position into a dedicated fund for health benefits.

Declares an emergency due to the urgent need for expanded board representation and increased oversight to ensure affordable health insurance options and improve the program's financial stability.