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.
The General Assembly of North Carolina enacts:
SECTION 1.  The State Treasurer shall develop a health savings account option for teachers and State employees that complies with the provisions of 26 U.S.C. § 223 or any other applicable federal law. The State Treasurer (i) shall annually prefund participants' accounts with a portion of the savings from shifting State Health Plan members to health savings accounts and (ii) may also make payments into participants' accounts throughout the calendar year. No later than January 1, 2015, the State Treasurer shall offer the health savings account option to persons eligible to participate in the State Health Plan for Teachers and State Employees.
SECTION 2.  This act is effective when it becomes law.