House 2965

WEST virginia legislature

2025 regular session

Introduced

House Bill 2965

By Delegates Ellington, Willis, Statler, Jennings, W. Clark, D. Smith, Crouse, White, T. Clark, Pritt, and Hornby

Introduced February 25, 2025; referred to the Committee on Finance

A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §5-16-27, relating to transferring money currently paid by employers of state employees to PEIA into a Health Savings Account ("HSA"); allowing for the employee to choose his or her healthcare insurance plan based upon a monthly allocation; and providing for an effective date.

Be it enacted by the Legislature of West Virginia:

ARTICLE 16. WEST VIRGINIA PUBLIC EMPLOYEES INSURANCE ACT.

§5-16-27. Transferring payments by employer to Health Savings Account; establishment of account; effective date.

(a) All monies that are currently distributed to PEIA from the employer shall be paid directly to the employee who is paying into PEIA in the form of an employer/employee match.

(b) This money shall be deposited into a Health Savings Account ("HSA") for the employee to use for the payment of healthcare insurance premiums and other related expenditures in the amount of $1,100 per month.

(c) An employee may choose his or her own healthcare provider to use funds from the HSA.

(d) This section shall become effective July 1, 2025,

NOTE: The purpose of this bill is to redirect payments to PEIA to employees in the form of a Health Savings Account ("HSA"). The bill allows for the employee to choose his or her healthcare insurance plan. Finally, the bill provides for an effective date.

Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.