Bill > HB2602

This bill establishes requirements for a "portable benefit plan," which is a benefit plan administered by a third-party provider chosen by an independent contractor, not by the hiring party, and can include benefits like health insurance, income replacement, disability, life insurance, or retirement. It allows "hiring parties" (individuals or entities who contract with independent contractors) to contribute to these plans, either with the contractor's funds, the hiring party's funds, or a portion of the contractor's compensation if explicitly agreed upon in writing, voluntarily elected by the contractor, and with the option to opt out at any time. Crucially, the bill also provides a subtraction modification for Kansas income tax purposes, meaning contributions made by a hiring party or by an independent contractor to a portable benefit plan can be deducted from their taxable income, subject to certain conditions, to encourage the use of these plans for independent workers.

Business and Industry

Insurance (House)

https://kslegislature.gov/li/b2025_26/measures/hb2602/