(a) As used in this section, 'health savings account-qualified health insurance policy' means a policy of individual or group health insurance coverage that satisfies the criteria for a high deductible health plan under 26 U.S.C. § 223, as it existed on January 1, 2021.(b) A health savings account-qualified health insurance policy is exempt from a prohibition on cost-sharing requirements for a covered benefit that is required under state law to the extent the exemption is necessary to meet the criteria for a health savings account-qualified health insurance policy.(c) This section does not apply to any coverage required by state law that pertains to preventive care as defined by regulation or guidance issued by the United States Department of the Treasury under 26 U.S.C. § 223, as it existed on January 1, 2021, with respect to any health savings account-qualified health insurance policy issued, delivered, amended, or renewed while the regulation or guidance issued by the United States Department of the Treasury is effective.Added by Act 2021, No. 939,§ 1, eff. 7/28/2021.
Arkansas Legal Code