The proposed bill amends Title 28 of the General Laws, introducing a new chapter titled "Portable Benefit Plan." This chapter defines key terms such as "hiring party," "independent contractor," and "portable benefit plan." It establishes that a portable benefit plan is an insurance product that is not tied to a specific employer or hiring party, allowing independent contractors to have access to benefits that are portable across different jobs. The bill allows both governmental and private entities to voluntarily offer these plans, with contributions being voluntary and not affecting employment classification.

Additionally, the bill clarifies that participation in a portable benefit plan does not imply employer liability, meaning that contributions to such plans cannot be used to establish an employment relationship or affect liability under workers' compensation or employment security laws. This act is designed to provide greater flexibility and security for independent contractors while ensuring that their benefits remain portable and do not create unintended employer obligations. The act will take effect upon passage.