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OK HB3238
Bill
Status
3/11/2010
Primary Sponsor
David Derby
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AI Summary
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Health Savings Account (HSA) funds are permitted to be used to cover all medically necessary procedures, as ordered by a physician, including but not limited to bariatric surgery.
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Defines "medically necessary" procedures, explicitly excluding abortion procedures from HSA coverage eligibility.
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HSA expenditures on medically necessary procedures are classified as "qualified medical expenses" under Oklahoma state tax law (Section 6060.15 of Title 36).
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Creates new codified section in Oklahoma Statutes to establish these HSA usage rules and qualified expense designations.
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Effective date: November 1, 2010.
Legislative Description
Insurance; defining term; providing that Health Savings Account funds may be used for certain medical procedures; specifying that certain expenditures shall be considered qualified expenses for certain purposes. Effective date.
Insurance
Last Action
Second Reading referred to Retirement and Insurance
3/17/2010