Idaho § 67-5761C HEALTH REIMBURSEMENT ARRANGEMENTS FOR STATE EMPLOYEES

Idaho Statutes

§ 67-5761C — HEALTH REIMBURSEMENT ARRANGEMENTS FOR STATE EMPLOYEES

Idaho·Title 67 STATE GOVERNMENT AND STATE AFFAIRS·Ch. 57 DEPARTMENT OF ADMINISTRATION

(1)The department of administration may offer a health reimbursement arrangement as an approved benefit for all state employees or officers whose employer chooses to offer such a benefit to its employees or officers. All state employees or officers shall, for themselves and their eligible dependents, participate in a health reimbursement arrangement if the employer of such employees and officers chooses to offer the health reimbursement arrangement.

(2)For purposes of this section:

(a)"Health reimbursement arrangement" means an arrangement whereby employees may reimburse themselves for health care costs approved by the internal revenue service from a tax-exempt employee benefit trust known as a voluntary employees’ beneficiary association.

(b)"Voluntary employees’ beneficiary associati

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The department of administration may offer a health reimbursement arrangement as an approved benefit for all state employees or officers whose employer chooses to offer such a benefit to its employees or officers. All state employees or officers shall, for themselves and their eligible dependents, participate in a health reimbursement arrangement if the employer of such employees and officers chooses to offer the health reimbursement arrangement.
(2) For purposes of this section:
(a) "Health reimbursement arrangement" means an arrangement whereby employees may reimburse themselves for health care costs approved by the internal revenue service from a tax-exempt employee benefit trust known as a voluntary employees’ beneficiary association.
(b) "Voluntary employees’ beneficiary association" (VEBA) means a tax-exempt employee benefit trust governed under section 501(c)(9) of the Internal Revenue Code. A VEBA trust is managed by trustees elected by the employee members of the trust.
(3) The department of administration may promulgate rules to implement the provisions of this section.

Idaho § 67-5761C (HEALTH REIMBURSEMENT ARRANGEMENTS FOR STATE EMPLOYEES) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.