NV SB336

Nevada residents working as sole proprietors or independent contractors may open portable benefit accounts through banks, credit unions, or investment managers to cover health insurance, prescription drugs, medical expenses, income replacement insurance, life insurance, or retirement savings

Account benefits extend to the account holder's spouse, domestic partner, children, and other dependents

Persons contracting with sole proprietors or independent contractors may contribute to their portable benefit accounts, including through voluntary payroll withholding that requires clear disclosure, written opt-in consent, and penalty-free opt-out rights

Contributions to a portable benefit account alone cannot be used by the Labor Commissioner to determine whether an account holder should be classified as an employee; any misclassification determination must include at least three additional findings of fact

Effective date: July 1, 2025