Tex.
Ins. Code Section 1551.206
Cafeteria Plan
(a)
The board of trustees may develop, implement, and administer a cafeteria plan if the board determines that establishment of the plan:(1)
is feasible;(2)
would be beneficial to the state and to employees who would be eligible to participate in the plan; and(3)
would not adversely affect the coverage plans provided under the group benefits program.(b)
The board of trustees may include in the cafeteria plan any benefit that may be included in a cafeteria plan under federal law.(c)
The board of trustees may enter into a contract or agreement with an independent and qualified agency, individual, or entity to:(1)
develop, implement, or administer a cafeteria plan; or(2)
assist in those activities.(d)
The board of trustees may adopt an order terminating the cafeteria plan and providing a procedure for the orderly withdrawal of the state and its employees from the plan if the board determines that a cafeteria plan established under this section is no longer advantageous to the state or its employees.(e)
The board of trustees may adopt rules for the use of a debit card or other similar technology for claims administration under this section.
Source:
Section 1551.206 — Cafeteria Plan, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1551.htm#1551.206
(accessed Jun. 5, 2024).