This bill allows the dependents of certain deceased public safety employees to receive reimbursement for the costs of the first six months of COBRA health insurance coverage. It defines "COBRA continuation coverage" and establishes eligibility criteria for "formerly-covered dependents," which include spouses and unmarried children of public safety employees who died while on duty or within 24 hours of going off duty. The bill specifies that these dependents must have been covered by health insurance through the State Health Benefits Program or their employer until the time of the employee's death. To receive reimbursement, dependents must apply to the State Treasurer by March 1 for costs incurred in the previous calendar year.

The bill appropriates $750,000 from the General Fund to the Department of Treasury to implement these reimbursements and encourages future appropriations to maintain this funding. It also includes provisions for pro rata distribution of funds if the total reimbursement requests exceed the available budget. The intent of the bill is to alleviate the financial burden of health insurance costs for the families of public safety employees who have made the ultimate sacrifice in the line of duty.