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ID S1242
Bill
Status
Passed
3/17/2014
Primary Sponsor
Commerce and Human Resources Committee
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AI Summary
- Adds Section 67-5761C to Idaho Code authorizing the Department of Administration to offer health reimbursement arrangements as an approved benefit for state employees and officers
- Requires all state employees and officers and their eligible dependents to participate in a health reimbursement arrangement if their employer chooses to offer it
- Defines "health reimbursement arrangement" as an arrangement allowing employees to reimburse themselves for IRS-approved health care costs from a tax-exempt voluntary employees' beneficiary association (VEBA)
- Defines "VEBA" as a tax-exempt employee benefit trust governed under Section 501(c)(9) of the Internal Revenue Code and managed by trustees elected by employee members
- Grants the Department of Administration authority to promulgate rules to implement the health reimbursement arrangement program
Legislative Description
Adds to existing law to provide health reimbursement arrangements for state employees.
HEALTH REIMBURSEMENT ARRANGEMENTS
Last Action
Signed by Governor on 03/17/14 Session Law Chapter 94 Effective: 07/01/2014
3/17/2014
Committee Referrals
Judiciary and Rules1/24/2014
Full Bill Text
No bill text available