Washington § 48.68.005 - Intent — Health care savings accounts authorized.

Full text of Washington Revised Code of Washington § 48.68.005 — Intent — Health care savings accounts authorized., with citation guidance and answers to common questions.

§ 48.68.005. Intent — Health care savings accounts authorized.

(1) This chapter shall be known as the health care savings account act.
(2) The legislature recognizes that the costs of health care are increasing rapidly and most individuals are removed from participating in the purchase of their health care.
As a result, it becomes critical to encourage and support solutions to alleviate the demand for diminishing state resources. In response to these increasing costs in health care spending, the legislature intends to clarify that health care savings accounts may be offered as health benefit options to all residents as incentives to reduce unnecessary health services utilization, administration, and paperwork, and to encourage individuals to be in charge of and participate directly in their use of service and health care spending. To alleviate the possible impoverishment of residents requiring long-term care, health care savings accounts may promote savings for long-term care and provide incentives for individuals to protect themselves from financial hardship due to a long-term health care need.
(3) Health care savings accounts are authorized in Washington state as options to employers and residents.
[ 1995 c 265 s 2.]

Notes

Captions not law—Effective dates—Savings—Severability—1995 c 265: See notes following RCW 70.47.015.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 48.68.005

What does Revised Code of Washington § 48.68.005 cover?

Section 48.68.005 ("Intent — Health care savings accounts authorized.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 48.68.005?

A common citation format is "Revised Code of Washington § 48.68.005" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

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