Section 6060.17 - Allowable expendituresThe trustee or custodian shall utilize the funds held in a health savings account solely for the following purposes:
1. To pay the qualified medical expenses of the eligible individual or their dependents; or2. To purchase a health coverage policy certificate, or contract, if the eligible individual: a. is receiving unemployment compensation,b. is exercising continuation privileges under federal law, orc. is purchasing a long-term care insurance contract; or3. To pay for health insurance other than a Medicare supplemental policy for those who are Medicare eligible.Okla. Stat. tit. 36, § 6060.17
Added by Laws 2005 , HB 1848, c. 306, §4, eff. 11/1/2005; Amended by Laws 2007 , HB 1928, c. 269, §3, emerg. eff. 6/4/2007.