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ID S1106
Bill
Status
4/1/2013
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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State officers and employees may create and maintain health savings accounts and enroll in high deductible health plans offered by the Department of Administration.
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For each pay period, the state employer shall deposit into employees' health savings accounts the difference between the high deductible plan premium and the lowest deductible group health plan premium offered by the Department of Administration.
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Employer deposits to health savings accounts cannot exceed the Internal Revenue Service's maximum allowable contribution limits under 26 U.S.C. section 223.
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State employees with health savings accounts may make additional voluntary contributions to their accounts beyond employer deposits.
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The Department of Administration is authorized to promulgate rules to implement the health savings account provisions.
Legislative Description
Adds to existing law to provide for health savings accounts for state employees who choose a high deductible health plan, to provide for health reimbursement arrangements for state employees, to define terms, to provide for deposits into health savings accounts by employers, to provide for contribution of funds to a health savings account by state employees and to authorize the Department of Administration to promulgate rules.
HEALTH SAVINGS ACCOUNTS
Last Action
Signed by Governor on 04/01/13 Session Law Chapter 213 Effective: 07/01/13
4/1/2013