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Code · Oklahoma · Title 36 — Insurance

§36-6060.17. Allowable expenditures.

114 words·~1 min read·/ok/title-36-insurance/36-6060-17·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The trustee or custodian shall utilize the funds held in a health savings account solely for the following purposes:
1. To pay the qualified medical expenses of the eligible individual or their dependents; or
2. To purchase a health coverage policy certificate, or contract, if the eligible individual:
a. is receiving unemployment compensation,
b. is exercising continuation privileges under federal
law, or
c. is purchasing a long-term care insurance contract; or
3. To pay for health insurance other than a Medicare supplemental policy for those who are Medicare eligible. Added by Laws 2005, c. 306, § 4, eff. Nov. 1, 2005. Amended by Laws 2007, c. 269, § 3, emerg. eff. June 4, 2007.
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