To encourage employer selection of freedom-of-choice health coverage.
Provides that, for certain purposes under the Employee Retirement Income Security Act of 1974 (ERISA), any such employer (and any such employee) shall not be considered a fiduciary of the plan.
Defines a freedom-of-choice group health plan as one which: (1) provides benefits on behalf of the participant or beneficiary only in the form of a contribution towards the cost of health insurance coverage that meets the applicable requirements of law; (2) does not impose any restriction with respect to such coverage, including the benefits available under such coverage, the health insurance issuer that offers such coverage, and the selection of such coverage; and (3) provides that the participant (and not the employer or plan) is the owner of the health insurance coverage.
Requires such a contribution to be treated as employer-provided coverage under a health plan, for purposes of the Internal Revenue Code.
Introduced in House
Introduced in House
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Health.
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