This bill establishes a framework for voluntary portable benefit plans specifically designed for independent contractors in New Hampshire. It allows hiring parties, which can include individuals, businesses, or marketplace platforms, to make voluntary contributions to these benefit plans without affecting the classification of the independent contractors as employees under state law. The bill introduces a new chapter, Chapter 283-A, which defines key terms such as "independent contractor," "hiring party," and "portable benefit plan," and outlines the types of benefits that can be included, such as health insurance, unemployment insurance, and retirement benefits.

Additionally, the bill stipulates that hiring parties and independent contractors can agree in writing to withhold a portion of the contractor's compensation for contributions to a portable benefit plan, provided that the agreement is clear and allows the contractor to opt in or out at any time. Importantly, participation in these plans will not influence the employment status of the workers under existing labor laws. The bill is set to take effect 60 days after passage and is expected to have indeterminable fiscal impacts on state and local revenues and expenditures, particularly concerning potential increases in insurance premiums.