Abolishing PEIA and the establishing contract healthcare for State Employees

HB 2623 abolishes the West Virginia Public Employees Insurance Act (PEIA) and requires that beginning January 1, 2026, health, dental, and vision insurance for state employees be provided through four-year contracts with private insurers. The bill repeals all existing PEIA code sections and establishes new minimum requirements for these contracts. This change directly affects all state employees and their dependents who currently receive coverage under PEIA. The bill does not specify insurer details but mandates the contract-based system as the new standard for state employee benefits.