New Hampshire HB1245 establishes voluntary portable benefit plans for independent contractors, allowing contributions without affecting worker.
New Hampshire HB1245 creates a framework for voluntary portable benefit plans for independent contractors. It allows hiring parties to contribute to accounts for benefits like health insurance and retirement, without affecting the contractor's classification as an independent worker. Contributions must be clearly expressed in a written agreement, and contractors can opt in or out at any time. This act aims to provide benefits to independent contractors without altering their legal status under state law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.