Bill > SB386

This bill establishes a PEIA Rainy Day Fund and a PEIA Rainy Day Fee to be paid by employers participating in the Public Employees Insurance Agency (PEIA) health insurance program. The bill requires the Secretary of Revenue to assess and collect a fee of $150 per full-time equivalent employee from employers, with the funds deposited into the PEIA Rainy Day Fund. The Secretary of Revenue can then transfer money from the fund to PEIA to reduce or prevent benefit cuts or premium increases. The bill also allows the Secretary of Revenue to invest the funds and promulgate rules to implement and administer the provisions.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=386&year=2019&sessiontype=RS&btype=bill