This bill establishes a voluntary framework for independent contractors to participate in portable benefit plans through authorized providers, allowing them to access benefits without changing their classification under state law. It introduces a new chapter, Chapter 283-A, which defines key terms such as "hiring party," "independent contractor," "portable benefit account," and "provider." The bill allows hiring parties to voluntarily contribute to an independent contractor's portable benefit account, with specific conditions for withholding funds from compensation, including the need for a written agreement and the contractor's affirmative opt-in.

Additionally, the bill clarifies that certain actions, such as contributions to a portable benefit account or an independent contractor's participation in such plans, will not affect the determination of a worker's legal status as an employee or independent contractor under existing labor and tax statutes. It emphasizes that voluntary contributions from hiring parties do not create an employer-employee relationship or imply control over the independent contractor. The act is set to take effect 60 days after passage.