Portable Benefits Accounts for Independent Contractors and Sole Proprietors Act

The Florida Portable Benefits Accounts for Independent Contractors and Sole Proprietors Act creates a voluntary system for independent contractors and sole proprietors to establish portable benefits accounts. These accounts can be funded by contributions from hiring parties, contractors, or sole proprietors themselves. The accounts are intended to provide access to benefits such as health insurance, income replacement insurance, life insurance, and retirement benefits. Contributions are voluntary and cannot be used to determine employment status.

Portable Benefits Accounts for Independent Contractors and Sole Proprietors Act

The Florida Portable Benefits Accounts for Independent Contractors and Sole Proprietors Act creates a voluntary system for independent contractors and sole proprietors to establish portable benefits accounts. These accounts can be funded by contributions from hiring parties, contractors, or sole proprietors themselves. The accounts are intended to provide access to benefits such as health insurance, income replacement insurance, life insurance, and retirement benefits. Contributions are voluntary and cannot be used to determine employment status.