IdahoIdaho law defines accounts independent contractors can use to buy benefits
Starting July 1, 2026, Idaho law describes how independent contractors can own accounts for benefit plans and who may administer those accounts.
What it does
The law describes accounts owned by independent contractors for buying benefit plans and lists who may administer them, including other providers approved by the insurance department.
Argument forContractors could use accounts they own to buy benefit plans for a beneficiary, such as health or disability coverage.
Argument againstOther providers might face a hurdle if they must convince the insurance department that their account services follow the chapter’s rules.
More detail
The law defines portable benefit accounts, benefit plans, and the providers that may administer accounts. An account is owned by an independent contractor and pays for one or more benefit plans. A plan is administered by a third-party provider chosen by the contractor and assigned to a beneficiary, not the hiring party. A provider may be a bank, investment firm, or technology provider working through a bank or investment firm. Another provider may qualify if the insurance department is satisfied that its account services will follow the chapter’s rules. The act takes effect July 1, 2026.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 2Reported Signed by Governor Brad Little on April 2, 2026 Session Law Chapter 274 Effective: 07/01/2026Became Law
- Apr 1Delivered to Governor at 12:50 p.m. on April 1, 2026To Governor
- Apr 1Returned Signed by the President; Ordered Transmitted to GovernorMinor
- Mar 31Signed by President; returned to HouseMajor
- Mar 31Received from the House enrolled/signed by SpeakerMajor
- Mar 31Reported Enrolled; Signed by Speaker; Transmitted to SenateMajor
- Mar 31Returned from Senate Passed; to JRA for EnrollingMinor
- Mar 30Read third time in full – PASSED - 34-0-1AYES – Adams, Anthon, Bernt, Bjerke(Bjerke), Blaylock, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Grow, Guthrie, Harris, Hart, Keyser, Kohl, Lakey, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Semmelroth, Shippy, Taylor, Toews, VanOrden, Ward-Engelking, Wintrow, Woodward, Zito, ZuiderveldNAYS – NoneAbsent and excused – GallowayFloor Sponsor - Den HartogTitle apvd - to HousePassed 2nd Chamber
- Vote recorded Read third time in full –. Result: pass.Upper
- Mar 25Read second time; filed for Third ReadingMinor
- Mar 24Reported out of Committee with Do Pass Recommendation; Filed for second readingMinor
- Mar 20Introduced, read first time; referred to: Commerce & Human ResourcesMinor
- Mar 20Received from the House passed; filed for first reading
- Mar 19Rules Suspended: Ayes 64 Nays 4 Abs/Excd 2, read in full as required – PASSED - 67-1-2AYES – Alfieri, Barbieri, Beiswenger, Bingham, Boyle, Bruce, Burgoyne, Cannon, Cayler, Cheatum, Church, Cornilles, Crane(12), Crane(13), Dygert, Egbert, Ehardt, Ehlers, Erickson, Fuhriman, Furniss, Galaviz, Gannon, Garner, Hall(Stone), Handy, Harris, Hawkins, Haws, Healey, Hill, Holtzclaw, Hostetler, Manwaring, Marmon, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nelsen, Palmer, Petzke, Pickett, Pohanka, Price, Rasor, Raybould, Raymond, Redman, Rubel, Sauter, Scott, Shepherd, Shirts, Skaug, Tanner(13), Tanner(14), Thompson, Vander Woude, Veile, Weber, Wheeler, Wisniewski, Mr. SpeakerNAYS – BerchAbsent – Green, LeavittFloor Sponsor - MonksTitle apvd - to SenatePassed 1st Chamber
- Vote recorded Rules Suspended: Ayes 64 Nays 4 Abs/Excd 2, read in full as required –. Result: pass.Lower
- Mar 19Read second time; Filed for Third ReadingMinor
- Mar 18Reported Printed; Filed for Second Reading
- Mar 18Introduced, read first time, referred to JRA for PrintingIntroduced
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