The bill amends Title 28 of the General Laws by adding a new chapter, CHAPTER 61, which establishes a voluntary "Portable Benefit Plan" specifically for independent contractors. It defines key terms such as "hiring party," "independent contractor," and "portable benefit plan." The legislation allows both governmental and private entities to voluntarily offer these plans, which provide insurance products that are not associated with a specific employer or hiring party.

The bill stipulates that contributions to the portable benefit plan are voluntary and cannot be used as a criterion for determining a person's employment classification. It clarifies that a portable benefit plan for the benefit of an individual beneficiary shall not be construed as evidence of employer liability, and contributions to the plan shall not be considered an element of an employment relationship for legal purposes, including workers' compensation and employment security. The act will take effect upon passage.