A5285

Establishes the Public School Employees’ Health Benefits Trust to provide health insurance coverage for public school employees and retirees.

Establishes the Public School Employees’ Health Benefits Trust, which will offer health insurance coverage to public school employees and retirees. The trust will be governed by a board of trustees and will offer three health insurance plans starting January 1, 2021. Employers must provide coverage through the trust and cannot offer other health insurance plans. Employees and retirees will contribute to the cost of coverage based on their salary or retirement allowance. The trust will manage assets in the interest of beneficiaries and ensure compliance with federal and state laws.