SECTION 260:40-24-1. Health Savings Account

Latest version.

(a) This is an optional benefit within the State Employees Flexible Benefits Plan. This option is qualified under Section 223 of the Internal Revenue Code(IRC) and is, therefore, included as part of the cafeteria plan described in OAC 260:40-7-1.
(b) The Plan Administrator shall, at all times, administer this option in a manner consistent with the terms and provisions hereof in a uniform and nondiscriminatory manner and in accordance with the prevailing Internal Revenue Codes and applicable regulations promulgated thereunder.

[Source: Added at 31 Ok Reg 1358, eff 9-12-14]

                    
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