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Home » US Law » 2022 Code of Virginia » Title 38.2 - Insurance » Chapter 56 - The Virginia Health Savings Account Plan

§ 38.2-5601. The Virginia Health Savings Account Plan

A. The Department of Taxation and the Commission shall amend the Virginia Medical Savings Account Plan prepared pursuant to former § 38.2-5600 in order to address the provisions of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, P.L. No. 108-173, permitting eligible individuals to establish health savings accounts pursuant to § 223 of […]

§ 38.2-5602. Operation of medical savings accounts

Medical savings accounts may be established in the Commonwealth, and may be converted to health savings accounts, pursuant to applicable federal law and regulation. 1995, c. 650; 2002, c. 372; 2005, cc. 503, 572.

§ 38.2-5602.1. Operation of health savings accounts; high deductible health plans

Health savings accounts may be established in the Commonwealth pursuant to applicable federal law and regulation. Unless otherwise prohibited by any provision of this title, any health carrier, as defined in § 38.2-5800, authorized to conduct business in the Commonwealth may offer a high deductible health plan that would qualify for and may be offered […]

§ 38.2-5604. Health savings accounts exempt from claims

A. As used in this section, “health savings account” means a health savings account or medical savings account authorized under § 220 or 223 of the Internal Revenue Code of 1986, as amended from time to time. B. Notwithstanding any provision of law to the contrary, the rights of a participant or beneficiary of a […]