376.453. Premium--only cafeteria plans required, when. - Missouri Statutes

Premium--only cafeteria plans required, when.

376.453. 1. An employer that provides health insurance coverage forwhich any portion of the premium is payable by the employer shall notprovide such coverage unless the employer has established a premium-onlycafeteria plan as permitted under federal law, 26 U.S.C. Section 125. Theprovisions of this subsection shall not apply to employers who offer healthinsurance through any self-insured or self-funded group health benefit planof any type or description.

2. Nothing in this section shall prohibit or otherwise restrict anemployer's ability to either provide a group health benefit plan or createa premium-only cafeteria plan with defined contributions and in which theemployee purchases the policy.

(L. 2007 H.B. 818)

Effective 1-01-08