(a) A health savings account shall be a component of a consumer-driven health insurance plan option adopted by the State and Public School Life and Health Insurance Board.
(b) A school district may make an employer contribution into a participating public school employee's health savings account up to the maximum amount allowed by the Internal Revenue Service.
(c) A school district shall ensure that any vendor the school district contracts with to provide health savings account management for the school district provides annual education to the school district's public school employees concerning the:
(1) Advantages and disadvantages of a consumer-driven health plan option; and
(2) Effective strategies for using a health savings account.
Structure Arkansas Code
Title 21 - Public Officers and Employees
Chapter 5 - Compensation and Benefits
Subchapter 4 - State and Public School Life and Health Insurance Board
§ 21-5-402. Creation of board — Members
§ 21-5-403. Policy-making body only — Reports
§ 21-5-404. Powers, functions, and duties of board
§ 21-5-405. Additional duties of board
§ 21-5-410. Eligibility generally — Definition
§ 21-5-411. Eligibility of certain retired employees — Definition
§ 21-5-412. Eligibility of certain elected officials
§ 21-5-414. State contributions generally — Partial state contribution of employees' premiums
§ 21-5-415. Nonpayment of premiums and failure to file reports by agency or school district
§ 21-5-416. Annual performance audits
§ 21-5-417. State contribution for employee receiving workers' compensation