AN ACT relating to health savings account-qualified insurance plans.

From the Legislature

Create a new section of Subtitle 1 of KRS Chapter 304 to limit the application of cost-sharing requirements that would result in a health insurance policy, certificate, plan, or contract losing its health savings account-qualified status under federal law; create a new section of KRS Chapter 18A to subject cost-sharing requirements in that chapter to applicability limitation; provide that applicability limitation applies to policies, certificates, plans, and contracts issued or renewed on or after the effective date of the Act; provide purpose of Section 1 of the Act; state the that Section 1 of the Act may be cited as the Health Savings Account State-Federal Regulatory Coordination Model Act.