{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-6060.15","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-6060.15","heading":"Definitions","body":"As used in this act:\n\n1. \"Deductible\" means the total deductible for an eligible\n\nindividual and all the dependents of that eligible individual for a\n\ncalendar year;\n\n2. \"Dependent\" means the spouse or child of the eligible\n\nindividual as defined in Section 152 of the Internal Revenue Code;\n\n3. \"Eligible individual\" means the individual taxpayer,\n\nincluding employees of an employer who contributes to health savings\n\naccounts on the employees' behalf, who:\n\na. must be covered by a \"high deductible health plan\"\n\nindividually or with dependent,\n\nb. may not be covered under any health plan that is not a\n\nhigh deductible health plan, except for:\n\n(1) coverage for accidents,\n\n(2) workers’ compensation insurance,\n\n(3) insurance for a specified disease or illness,\n\n(4) insurance paying a fixed amount per day per\n\nhospitalization, and\n\n(5) tort liabilities, and\n\nc. establishes the health savings account, or on whose\n\nbehalf the health savings account is established;\n\n4. \"Health savings account\" or \"account\" means a trust or\n\ncustodian established in this state pursuant to a health savings\n\naccount program exclusively to pay the qualified medical expenses of\n\nan eligible individual or their dependents, but only if the written\n\ngoverning instrument creating the account meets the following\n\nrequirements:\n\na. except in the case of a rollover contribution, no\n\ncontribution will be accepted:\n\n(1) unless it is in cash, or\n\n(2) to the extent the contribution, when added to the\n\nprevious contributions to the account for the\n\ncalendar year, exceeds the maximum contribution\n\namount pursuant to Section 223 of the Internal\n\nRevenue Code,\n\nb. the trustee or custodian is a bank, a credit union, an\n\ninsurance company, or another person approved by the\n\nUnited States Secretary of Health and Human Services,\n\nc. no part of the trust assets will be invested in life\n\ninsurance contracts,\n\nd. the assets of the account will not be commingled with\n\nother property except as allowed for under Individual\n\nRetirement Accounts, and\n\ne. eligible individual's interest in the account is\n\nnonforfeitable;\n\n5. \"Health savings account program\" or \"program\" means a\n\nprogram that includes all of the following:\n\na. the purchase by an eligible individual or by an\n\nemployer of a high deductible health plan, and\n\nb. the contribution into a health savings account by an\n\neligible individual or on behalf of an employee or by\n\ntheir employer. The total annual contribution may not\n\nexceed the maximum contribution amount pursuant to\n\nSection 223 of the Internal Revenue Code;\n\n6. \"High deductible health plan\" means a health coverage\n\npolicy, certificate, or contract that provides for payments for\n\ncovered benefits that exceed the higher deductible;\n\n7. \"Qualified medical expense\" means an expense paid by the\n\ntaxpayer for medical care described in paragraph d of Section 213 of\n\nthe Internal Revenue Code, but only to the extent such amounts are\n\nnot compensated for by insurance or otherwise; and\n\n8. \"High deductible\" means:\n\na. in the case of self-only coverage, an annual\n\ndeductible which is not less than One Thousand Dollars\n\n($1,000.00) and the sum of the annual deductible and\n\nother annual out-of-pocket expenses required to be\n\npaid under the plan for covered benefits does not\n\nexceed Five Thousand Dollars ($5,000.00), or\n\nb. in the case of family coverage, an annual deductible\n\nof not less than Two Thousand Dollars ($2,000.00) and\n\nthe sum of the annual deductible and other annual out-\n\nof-pocket expenses required to be paid under the plan\n\nfor covered benefits does not exceed Ten Thousand\n\nDollars ($10,000.00).\n\nA plan shall not fail to be treated as a high deductible plan by\n\nreason of failing to have a deductible for preventive care or, in\n\nthe case of network plans, for having out-of-pocket expenses which\n\nexceed these limits on an annual deductible for services provided\nut-\n\nof-pocket expenses required to be paid under the plan\n\nfor covered benefits does not exceed Ten Thousand\n\nDollars ($10,000.00).\n\nA plan shall not fail to be treated as a high deductible plan by\n\nreason of failing to have a deductible for preventive care or, in\n\nthe case of network plans, for having out-of-pocket expenses which\n\nexceed these limits on an annual deductible for services provided\n\noutside the network.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"bc5f103d66d0d5558e6d53bbe8d227c0e98c3335356ca617bc72e97488757899","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6060.14","next":"us-ok/okla.-stat.-tit.-36-36-6060.16"},"notice":"GroundRules: Original legal text. Not legal advice."}