A BILL TO BE ENTITLED AN ACT TO DIRECT THE STATE HEALTH PLAN FOR TEACHERS AND STATE EMPLOYEES TO OFFER AN OPTIONAL HEALTH SAVINGS ACCOUNT.
Requires the State Treasurer to develop a health savings account option for teachers and state employees that complies with federal law. Requires the State Treasurer to annually prefund participants' accounts with a portion of the savings from shifting State Health Plan members to health savings accounts. Also allows the State Treasurer to make payments to participants' accounts throughout the calendar year. Requires the health savings account option to be offered no later than January 1, 2015.