Addresses the implementation of the school employees' benefits board program, effective January 1, 2020.

Addresses: Compensation and reimbursement related to school employees' benefits board member service; charter schools are employers and school employees' benefits board organizations under certain circumstances; school districts, educational service districts, and charter schools providing contributions to the state health care authority for insurance and health care plans for school employees and their dependents; and functions of the school employees' benefits board in designing and approving insurance benefit plans and establishing eligibility criteria.

Revises the definition of "board," for purposes of chapter 41.05 RCW (state health care authority), to include the school employees' benefits board.

Exempts the following information relating to insurance and financial institutions from disclosure under the public records act: Claims data, including health care and financial related data received under section 31 of this act, received and held by the state health care authority.

Creates the school employees' benefits board insurance reserve fund, the school employees' benefits board flexible spending and dependent care administrative account, the school employees' benefits board salary reduction account, and the school employees' benefits board dental benefits administration account.