26B-3-909. State contractor -- Employee and dependent health benefit plan coverage.
(1) For purposes of Sections,,,,, and, "qualified health coverage" means, at the time the contract is entered into or renewed: 17B-2a-818.5 19-1-206 63A-5b-607 63O-2-403 72-6-107.5 79-2-404 a health benefit plan and employer contribution level with a combined actuarial value at least actuarially equivalent to the combined actuarial value of: the benchmark plan determined by the program under Subsection; and 26B-3-904(1)(a) a contribution level at which the employer pays at least 50% of the premium or contribution amounts for the employee and the dependents of the employee who reside or work in the state; or a federally qualified high deductible health plan that, at a minimum: has a deductible that is: the lowest deductible permitted for a federally qualified high deductible health plan; or a deductible that is higher than the lowest deductible permitted for a federally qualified high deductible health plan, but includes an employer contribution to a health savings account in a dollar amount at least equal to the dollar amount difference between the lowest deductible permitted for a federally qualified high deductible plan and the deductible for the employer offered federally qualified high deductible plan; has an out-of-pocket maximum that does not exceed three times the amount of the annual deductible; and provides that the employer pays 60% of the premium or contribution amounts for the employee and the dependents of the employee who work or reside in the state.
(2) The department shall: on or before July 1, 2016: determine the commercial equivalent of the benchmark plan described in Subsection (1)(a); and post the commercially equivalent benchmark plan described in Subsection (2)(a)(i) on the department's website, noting the date posted; and update the posted commercially equivalent benchmark plan annually and at the time of any change in the benchmark.