AR HB1733

Establishes health savings accounts as a component of qualifying high-deductible consumer-driven health insurance plans for state and public school employees, with employers authorized to contribute up to the maximum amount allowed by the Internal Revenue Service.

Requires school districts to ensure vendors providing health savings account management deliver annual education to employees on plan advantages and effective account usage strategies.

Mandates the State and Public School Life and Health Insurance Board submit comprehensive plan designs to the Secretary of the Department of Transformation and Shared Services by January 1, 2022, including benefit designs, premiums, contribution strategies, investment options, and administrative costs.

Requires the board to formulate a plan by plan year 2023 to pay at least 55% of the deductible for health savings accounts maintained by participating employees and to adopt a final plan design by March 1, 2022.

Requires all state and public school employees to complete training on available health plan options before the plan year 2023 enrollment period, with online training available as an option.