Alaska SB142 amends health insurance policies for state and municipal employees, including self-insurance options and pharmacy benefits management.

Alaska SB142 modifies health insurance policies for state and municipal employees, allowing for self-insurance and specifying pharmacy benefits management. The bill outlines conditions for group insurance policies, including coverage for eligible employees and their dependents. It also mandates that the Department of Administration make bid specifications available for desired insurance benefits. The provisions apply to home rule and general law municipalities but exclude plans subject to the Employee Retirement Income Security Act of 1974. The changes take effect on January 1, 2026.

Alaska SB142 amends health insurance policies for state and municipal employees, including self-insurance options and pharmacy benefits management.

Alaska SB142 modifies health insurance policies for state and municipal employees, allowing for self-insurance and specifying pharmacy benefits management. The bill outlines conditions for group insurance policies, including coverage for eligible employees and their dependents. It also mandates that the Department of Administration make bid specifications available for desired insurance benefits. The provisions apply to home rule and general law municipalities but exclude plans subject to the Employee Retirement Income Security Act of 1974. The changes take effect on January 1, 2026.