Establishes the West Virginia Portable Insurance Benefit Plan for independent contractors.

The bill establishes the West Virginia Portable Insurance Benefit Plan, offering portable insurance benefits to independent contractors. It outlines the creation of a finance board to oversee the plan's financial stability and annual financial planning. The plan includes provisions for group health insurance, dental, optical, disability, and retirement insurance, with cost-sharing between hiring parties and independent contractors. The bill also details the roles of the director and the finance board, including the authority to execute contracts and establish preferred provider plans.

Establishes the West Virginia Portable Insurance Benefit Plan for independent contractors.

The bill establishes the West Virginia Portable Insurance Benefit Plan, offering portable insurance benefits to independent contractors. It outlines the creation of a finance board to oversee the plan's financial stability and annual financial planning. The plan includes provisions for group health insurance, dental, optical, disability, and retirement insurance, with cost-sharing between hiring parties and independent contractors. The bill also details the roles of the director and the finance board, including the authority to execute contracts and establish preferred provider plans.