Or. Admin. R. 111-030-0046 - Development of Health Savings Accounts (HSA)
(1) Effective October 1, 2011, OEBB will
offer the use of an employer sponsored vendor for Health Savings Accounts
(HSA). For purposes of this rule, an HSA vendor will be considered employer
sponsored if the Entity offers:
(a) Employer
contributions to the HSA; or
(b)
Pre-tax or direct deposit of employee contributions to the HSA.
(2) If an Entity chooses to offer
an employer sponsored HSA, the Entity may offer this plan through the
OEBB-contracted HSA.
(3) Entities
may select or allow the HSA option to be available to eligible employees who
enroll in OEBB's high-deductible health plan (HDHP) option (currently Moda
Health Evergreen Medical Plan, Moda Health Fir Medical Plan and Kaiser
Permanente Medical Plan 3).
(4)
Eligible employees who are eligible to enroll in an HSA, and choose the
employer sponsored HSA vendor, may do so directly through the HSA vendor or
their Entity.
(5) Eligible
employees must meet requirements established by the Internal Revenue Service
(IRS) to qualify for enrollment in an HSA. Once enrolled in an HSA, members are
responsible to adhere to tax requirements of the IRS.
(6) Because IRS requirements for an
individual to qualify for enrollment in an HSA include concurrent enrollment in
a high-deductible health plan (HDHP), an Entity that offers an employer
sponsored HSA must offer its employees the choice of a HDHP option, currently
Moda Health Evergreen Medical Plan, Moda Health Fir Medical Plan and Kaiser
Permanente Plan 3, from among OEBB's medical plans. If an employee is enrolled
in an OEBB medical plan other than OEBB's HDHP, the employee may not enroll in
the OEBB HSA.
Notes
Statutory/Other Authority: ORS 243.860 - 243.886
Statutes/Other Implemented: ORS 243.864(1)(a)
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