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HEALTH SAVINGS ACCOUNTS

HB 3495 passed out of the Legislature and is now law.  This legislation was needed to protect consumers who utilize Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs) from additional tax liability and rising costs of health care. HB 3495 addressed the negative implications caused by HB 2678, which became Oklahoma law in 2021, on Oklahomans who utilize a Health Savings Account and High Deductible Health Plan model in conjunction with pharmaceutical coupons.

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