Arkansas § 21-5-418 Health savings account

Arkansas Statutes

§ 21-5-418 — Health savings account

(a)A health savings account shall be a component of a consumer-driven health insurance plan option adopted by the State Board of Finance.

(b)A school district may make an employer contribution into a participating public school employee's health savings account up to the maximum amount allowed by the Internal Revenue Service.

(c)A school district shall ensure that any vendor the school district contracts with to provide health savings account management for the school district provides annual education to the school district's public school employees concerning the:

(1)Advantages and disadvantages of a consumer-driven health plan option; and (2) Effective strategies for using a health savings account.

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(a) A health savings account shall be a component of a consumer-driven health insurance plan option adopted by the State Board of Finance. (b) A school district may make an employer contribution into a participating public school employee's health savings account up to the maximum amount allowed by the Internal Revenue Service. (c) A school district shall ensure that any vendor the school district contracts with to provide health savings account management for the school district provides annual education to the school district's public school employees concerning the: (1) Advantages and disadvantages of a consumer-driven health plan option; and (2) Effective strategies for using a health savings account.

Arkansas § 21-5-418 (Health savings account) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Act 2021, No. 1004,§ 21, eff. 4/28/2021. Added by Act 2013EX1, No. 6,§ 2, eff. 10/21/2013. Added by Act 2013EX1, No. 3,§ 2, eff. 10/21/2013.