SB 7 has passed both the House and the Senate today and is on its way to the Governor for his signature. Earlier, both chambers accepted the legislative conference committee report for SB 7.
The bill, requiring local governments and school districts to spend no more than a certain amount on their employees’ health insurance, is a combination of both a hard cap and an 80/20 plan.
Under a hard cap, SB 7 would require public employers to pay no more than $5,500 (single--NOT $5,000 as previously reported), $11,000 (individual and spouse) and $15,000 (family coverage). A public employer could elect the 80/20 split with employees for health care costs. While local units of government could get out of either cost-sharing plan, school districts must choose either the hard cap or the 80-/20 plan.