Sec. 1551.453. ACCOUNT ADMINISTRATOR. (a) The account administrator selected to administer a health savings account established under this subchapter must be a person:
(1) qualified to serve as trustee under Section 223(d)(1)(B), Internal Revenue Code of 1986, and the rules adopted under that section; and
(2) experienced in administering health savings accounts or other similar trust accounts.
(b) An account administrator is the fiduciary of a plan enrollee who has a health savings account established under this subchapter.
Added by Acts 2015, 84th Leg., R.S., Ch. 1015 (H.B. 966), Sec. 1, eff. September 1, 2015.
Structure Texas Statutes
Title 8 - Health Insurance and Other Health Coverages
Subtitle H - Health Benefits and Other Coverages for Governmental Employees
Chapter 1551 - Texas Employees Group Benefits Act
Subchapter J. State Consumer-Directed Health Plan
Section 1551.452. Establishment of State Consumer-Directed Health Plan
Section 1551.453. Account Administrator
Section 1551.454. Participation in Program
Section 1551.455. Coverage for Dependents; Required Contributions
Section 1551.456. State Contribution
Section 1551.457. Plan Enrollee Contributions
Section 1551.458. Coordination With Cafeteria Plan