Okla. Stat. tit. 36, § 6060.17
Uses of Funds Held In Health Savings Account
Effective Jun 4, 2007Laws 2005, HB 1848, c. 306, § 4, eff. November 1, 2005; Amended by Laws 2007, HB 1928, c. 269, § 3, emerg. eff. June 4, 2007 (superseded document available).
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.
Laws 2005, HB 1848, c. 306, § 4, eff. November 1, 2005; Amended by Laws 2007, HB 1928, c. 269, § 3, emerg. eff. June 4, 2007 (superseded document available).