5304-S2 AMS MCDO S1403.9
2SSB 5304 - S AMD 000166-.1-.2-.3
By Senator McDonald
WITHDRAWN 3/12/93
On page 26, line 28, after "insurance" insert ", medical care savings account,"
On page 26, line 32, after "dependents." insert "All participants shall have a choice of purchasing an employee benefit plan or a medical care savings account.
(2)(a) The state employees' benefits board shall purchase a major medical policy equal in amount to the total amount currently paid for the employee's benefit plan and direct deposit the remaining funds into the employee's medical care savings account created by the state. These funds must be used by the employee for the sole purpose of health care expenditures. The major medical policy shall have a three thousand dollar deductible, which shall increase by the federal medical inflation price index published by the health care financing administration. At the beginning of each calendar year, the state shall renew the major medical policy and direct deposit the remaining funds into the employee's medical care savings account. When more than fifty percent of all employees are participating in the medical care savings account, the board will recommend methods to increase future participation in medical care savings accounts, up to one hundred percent. When federal laws permit, the individual may deposit remaining funds from the medical care savings account into the individual's federal tax-exempt individual retirement account. For the purposes of this subsection, "medical care savings account" means a trust created or organized in the United States for the exclusive health care benefit of an individual, the individual's spouse, or the individual's dependents.
(b) The qualified differential premium differential amount for an employee is equal to:
(i) The premium differential amount realized by the employer in the plan year in which the employee elects coverage under a qualified higher deductible health plan; and
(ii) For each subsequent plan year during which such election remains in effect, the amount determined increased by an amount equal to:
(A) Such a dollar amount, multiplied by,
(B) The federal medical inflation price index as published by the health care financing administration for the calendar year in which the plan year begins, by substituting the calendar year in which the plan year began."
On page 26, line 33,
strike "(2)" and insert "(((2))) (3)"
2SSB 5304 - S AMD
By Senator McDonald
On page 27, line 20, after "plans" insert ". Participants who purchase a medical care savings account under RCW 41.05.065 are not required to purchase an employee health benefit plan"
On page 27, line 21,
strike "(3)" and insert "(((3))) (4)"
On page 27, line 24,
strike "(4)" and insert "(((4))) (5)"
On page 27, line 35,
strike "(5)" and insert "(((5))) (6)"
On page 27, line 37,
strike "(6)" and insert "(((6))) (7)"
2SSB 5304 - S AMD
By Senator McDonald
On page 28, line 6, strike "(7)" and insert "(8)"
On page 28, after line 15, insert the following:
"NEW SECTION. Sec. 223. A new section is added to Title 48 RCW to read as follows:
The insurance commissioner shall establish for major medical/individual retirement account plans under RCW 41.05.065, rules and methods of oversight to prevent misuse of funds and establish penalties. The insurance commissioner shall inform the state employees' benefits board of the minimum requirements for participation in the medical care savings account."
Renumber the remaining sections consecutively and correct internal references accordingly.
2SSB 5304 - S AMD
By Senator McDonald
On page 95, after line 17, insert the following:
"NEW SECTION. Sec. 321. MEDICAL CARE SAVINGS BENEFIT. Employees or employers who purchase or participate in the purchase of a medical care savings account, as approved by the commission by rule, are not required to enroll in a certified health plan or provide coverage under a certified health plan."
Renumber remaining sections consecutively and correct internal references accordingly.
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