Bill > SB267

This bill amends the Georgia state law regarding the Employee Benefit Plan Council's flexible employee benefit plan, expanding its authority to establish and manage health savings accounts (HSAs). Specifically, the bill requires the council to continually provide for salary reductions or deductions related to HSAs beginning January 1, 2026. The legislation modifies the existing law to explicitly include health savings accounts as an authorized benefit, referencing Section 223 of the United States Internal Revenue Code. The bill gives the council discretion in providing deductions or salary reductions for various employee benefits, including group insurance, disability insurance, and health care spending accounts. The changes aim to provide state employees, public school teachers, and public school employees with more flexible options for managing their healthcare and benefit expenses. The council retains the ability to establish rating categories, operate self-insured plans, and create regulations for local school boards participating in the benefit plan.

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https://www.legis.ga.gov/legislation/70837