53-6-907. (Temporary) Medical savings accounts -- administration -- payments -- terms and conditions. (1) Upon approval of the waivers requested pursuant to 53-6-906, the department shall, by request for proposals, provide for the administration of a medical savings account for each participant. The term of a contract entered into pursuant to the requests may be for a fiscal year or for another period determined by the department that is consistent with appropriations for and the objectives of the pilot project.
     (2) (a) Upon receipt of an appropriation for the purposes of this section, the department shall pay to the administrator of each participant's medical savings account an amount of money determined by the department and based upon the average statewide cost for medical assistance for each individual in the medicaid program.
     (b) A contract for the administration of the pilot project must include payment of the amount into the account of each participant at the beginning of each month or at a payment interval during the time of the project as determined by the department. Administration must also include payment of participants' medical claims from the accounts, recordkeeping necessary for proper administration of the payments and accounts, and payment of amounts remaining in the account to the participant as provided in subsection (3).
     (c) The department may require as part of the contract for the administration of the accounts that the contractor provide educational information to participants and accounting, auditing, and recordkeeping services necessary for project evaluation and reports as required by 53-6-909 and 53-6-910.
     (3) The terms of the contract for the administration of the pilot project must include payment within 90 days after the end of the fiscal year to each project participant, and each participant may retain an amount of money determined by the department and remaining in the account at the end of a fiscal year. The terms of the use of an account by a participant may also include requirements necessary for the proper administration and use of the account. (Terminates October 1, 2001--sec. 1, Ch. 28, L. 1999.)

     History: En. Sec. 7, Ch. 380, L. 1997.