SECTION 260:40-27-7. Health care reimbursement account option

  The Plan Administrator shall establish for each participant a health care reimbursement account for each period of coverage. Each health care reimbursement account shall initially contain zero dollars ($0.00). A participant's health care reimbursement account for a period of coverage shall be increased by the portion of the participant's salary adjustment dollars that may be accrued from month to month for that period of coverage that he or she has elected to apply toward medical care expenses. A participant's health care reimbursement account for a period of coverage shall be reduced by the amount of any health care expenses paid to a participant.

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