NC H569

Allows insurance products selected by Employee Insurance Committees to be offered on a pretax basis if they qualify as cafeteria plans under Section 125 of the Internal Revenue Code.

Applies to products funded by payroll deductions beginning on or after January 1, 2019.

Preserves existing protections requiring specific written consent from employees before removing selected insurance products from payroll deduction.

Maintains requirement that life insurance products purchased under payroll deduction cannot be terminated for retirees solely because premiums are no longer deducted from payroll.