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21-5-418. Health savings account.
Arkansas Code — all titles (historical 2020) · legal_authorities
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 and Public School Life and Health Insurance Board.
(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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-5-418
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:21-5-418
Source file: gov.ar.code.title.21.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b6c0e5e62e9fcc2da57e0fac2f1e7b4636b4ec84fb0af22fbf4e6411437b45f9
Source location: content.xml paragraph 4023
Stored source content
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 and Public School Life and Health Insurance Board.
(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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