Kentucky HB732 establishes a new section for portable benefit plans for self-employed workers.

Kentucky HB732 creates a new section in the Kentucky Revised Statutes to define and facilitate portable benefit plans for self-employed workers. These plans, which include health, unemployment, disability, workers' compensation, life, and retirement benefits, are provided by third-party insurance providers chosen by the self-employed worker. Public or private entities can contribute to these plans as compensation. Importantly, contributions to these plans cannot be used to determine a worker's employment classification.

Kentucky HB732 establishes a new section for portable benefit plans for self-employed workers.

Kentucky HB732 creates a new section in the Kentucky Revised Statutes to define and facilitate portable benefit plans for self-employed workers. These plans, which include health, unemployment, disability, workers' compensation, life, and retirement benefits, are provided by third-party insurance providers chosen by the self-employed worker. Public or private entities can contribute to these plans as compensation. Importantly, contributions to these plans cannot be used to determine a worker's employment classification.