STATE OF OKLAHOMA

2nd Session of the 53rd Legislature (2012)

SENATE BILL 1402	By:	Aldridge

AS INTRODUCED

An Act relating to the State and Education Employees Group Insurance Board; amending 74 O.S. 2011, Section 1329, which relates to health savings accounts; clarifying language; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     74 O.S. 2011, Section 1329, is amended to read as follows:
Section 1329.  The State and Education Employees Group Insurance Board (“Board”), and the Office of State Finance, shall contract with a vendor to make available a health savings account to all enrollees in the HealthChoice qualified high-deductible health plan.  Any employer or employee contributions to the health savings account shall be allowable as a remittance to the vendor through payroll deduction in conjunction with the employer’s Section 125 Plan and shall not be subject to any assessment of administrative fees by the Board, the Office of State Finance or any state agency for remittance to the vendor.  The State of Oklahoma, the Board, the Office of State Finance and the Oklahoma State Employees Benefits Council shall take necessary measures to make any employer or employee health savings account contributions permissible under the state’s Section 125 Plan.
SECTION 2.  This act shall become effective November 1, 2012.

53-2-2049	ARE	1/18/2012 10:57:22 AM