Introduced
by
To exclude from the definition of “wages” in the unemployment insurance law contributions by an employer to an employee’s Medical Savings Account (MSA) or Health Savings Account (HSA). Certain unemployment benefits are based on the amount of an employee’s wages, and under current law “wages” are already defined as not including regular employer-paid health insurance premiums. MSAs and HSAs combine a high deductible health insurance plan with an IRA-like tax-deferred equity account owned by the employee. Routine health care expenses that cost less than the insurance deductible amount are paid from this account.
Referred to the Committee on Employee Relations, Training, and Safety
