SB1947

Oklahoma SB1947 amends the Oklahoma Employees Insurance and Benefits Act to allow certain employees to opt out of the state's basic health plan and.

Oklahoma SB1947 amends the Oklahoma Employees Insurance and Benefits Act to allow employees to opt out of the state's basic health plan and receive funds in lieu of flexible benefit amounts. Employees who opt out and provide proof of other coverage will receive $150 monthly. The bill also defines terms such as "Health care sharing ministry" and "Qualified HCSM member." The flexible benefit allowance is updated annually, with a 2% increase starting from the plan year beginning January 1, 2022. The bill provides an effective date for these changes.