Tex. Ins. Code § 1551.458

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1551.458 - Coordination With Cafeteria Plan
(a) The board of trustees has exclusive authority to determine the eligibility of a plan enrollee to participate in any flexible spending account that is part of a cafeteria plan offered under this chapter.
(b) The board of trustees may adopt rules regarding the eligibility of a plan enrollee to participate in any flexible spending account that is part of a cafeteria plan offered under this chapter.
(c) A plan enrollee may not participate in any flexible spending account that would disqualify the enrollee's health savings account from favorable tax treatment under federal law.

Tex. Ins. Code § 1551.458

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1015,Sec. 1, eff. 9/1/2015.