Establishes the Public School Employees' Health Benefits Trust to manage health benefits for public school employees.
The Public School Employees' Health Benefits Trust Act establishes a trust within the Department of the Treasury to manage health benefits for public school employees. Employers must provide health coverage through the trust and cannot offer other types of insurance. The trust will offer three health plans, with a fourth plan added in 2022. Employees and retirees contribute based on their income, with rates varying from 3% to 35%. Beneficiaries have the right to appeal coverage denials.
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