Bill > HB1407

This bill amends the existing state law to modify the benefit allowance for state employees. The key provisions are: 1. It increases the benefit allowance for state employees by 2% annually for the plan years starting January 1, 2024, and January 1, 2025. 2. It also adjusts the formula for calculating the benefit allowance, tying it to the premiums of the HealthChoice High Option plan, dental plans, disability plan, and basic life insurance plan offered to state employees, plus a percentage of the HealthChoice High Option plan premium for dependent coverage. 3. The bill allows state employees who opt out of the state's basic health plan and provide proof of other coverage to receive $150 per month in lieu of the flexible benefit allowance. 4. The bill specifies that the changes in the bill will take effect on November 1, 2023.

Budget and Finance, Government Affairs

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1407&Session=2400