WI SB256

Application-based drivers (delivery couriers and rideshare drivers) are classified as independent contractors, not employees, for workers' compensation, minimum wage, and unemployment insurance purposes when network companies do not prescribe specific work schedules, allow multi-platform work, or restrict other employment

Network companies may voluntarily offer portable benefit accounts to eligible drivers (those earning at least $750/quarter), contributing 4% of quarterly earnings; drivers can use funds for lost income due to illness/accident, IRA transfers, health/vision/dental insurance premiums, or lost earnings

Contributions by drivers to portable benefit accounts are tax-deductible; distributions for non-permitted uses incur a 10% penalty and must be added back to taxable income

Network companies may provide group or blanket occupational accident insurance with minimum $1,000,000 aggregate coverage, including $250,000 for medical expenses, disability payments at 66⅔% of average weekly earnings for up to 104 weeks, and survivor benefits

Department of Financial Institutions gains authority to approve financial services providers to offer portable benefit accounts; portable benefits and insurance provisions become invalid if a court strikes down the independent contractor classification