Connecticut HB05378 regulates self-funded multiple employer welfare arrangements and mandates a study on the Connecticut Option Program.

Connecticut HB05378 introduces regulations for self-funded multiple employer welfare arrangements, requiring these arrangements to be licensed and managed by trusts. It mandates that these trusts comply with ERISA and other federal standards, and prohibits them from being subject to certain state fees. The bill also requires these trusts to maintain specific insurance policies and financial statements.

Connecticut HB05378 regulates self-funded multiple employer welfare arrangements and mandates a study on the Connecticut Option Program.

Connecticut HB05378 introduces regulations for self-funded multiple employer welfare arrangements, requiring these arrangements to be licensed and managed by trusts. It mandates that these trusts comply with ERISA and other federal standards, and prohibits them from being subject to certain state fees. The bill also requires these trusts to maintain specific insurance policies and financial statements.