Requires the board to develop a health savings account option for employees that conform to section 223, Part VII of subchapter B of chapter 1 of the internal revenue code of 1986. The board shall comply with all applicable federal standards related to the establishment of health savings accounts.

Provides that, notwithstanding any other provision of chapter 41.05 RCW, the board shall develop a high deductible health plan to be offered in conjunction with a health savings account developed under this act.