The bill aims to revise the laws governing health insurance for school districts by introducing an incentive funding mechanism for those that participate in a qualifying district health insurance trust. It mandates that the state auditor must qualify any district health insurance trust that meets specific requirements. Additionally, the bill prohibits school districts that join the trust from transferring their health benefit liabilities onto the trust, ensuring that the financial responsibilities remain with the districts. It also outlines the conditions and consequences for districts that choose to withdraw from the trust, as well as the processes to follow in the event of the trust's dissolution.

Furthermore, the legislation includes provisions for the eventual repayment of any excess reserves back to the state, grants rulemaking authority, and establishes a statutory appropriation along with a money transfer. The bill amends existing sections of the Montana Code Annotated (MCA), specifically sections 17-7-502 and 20-3-331, to incorporate these changes and definitions, and it sets an effective date for the new regulations.

Statutes affected:
HB0332_1.pdf: 17-7-502, 20-3-331
HB0332_2.pdf: 17-7-502, 20-3-331
HB0332_3.pdf: 17-7-502, 20-3-331
HB0332_4.pdf: 17-7-502, 20-3-331
HB0332_5.pdf: 17-7-502, 20-3-331
Amended: 17-7-502, 20-3-331
Introduced: 17-7-502, 20-3-331