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CT HB05089

CT HB05089
An Act Authorizing Credit Unions, Banks And Realtor Associations Or Organizations To Establish Or Participate In Multiple Employer Welfare Arrangements.


summary

Introduced
01/10/2025
In Committee
01/10/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

To authorize (1) credit unions and banks chartered in this state, and (2) any professional association or organization of realtors to establish or participate in multiple employer welfare arrangements.

AI Summary

This bill proposes to modify state law to allow credit unions, banks chartered in Connecticut, and professional realtor associations or organizations to establish or participate in Multiple Employer Welfare Arrangements (MEWAs). MEWAs are group health or welfare benefit plans established by two or more employers, typically to provide more affordable health insurance options for participating businesses. By expanding the types of entities that can create or join these arrangements, the bill aims to give credit unions, banks, and realtor associations more flexibility in providing healthcare benefits to their members or employees. This could potentially help smaller organizations pool resources to negotiate better insurance rates and coverage options, which may lead to more cost-effective healthcare benefits for workers in these sectors.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to Joint Committee on Insurance and Real Estate (on 01/10/2025)

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