| TO: | Honorable Craig Eiland, Chair, House Committee on Pensions & Investments |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | HB330 by Berman (Relating to exempting health savings accounts from seizure for satisfaction of debts.), As Introduced |
HB 330 would exempt any health savings account described by Section 223 of the Internal Revenue Code of 1986 from attachment, execution, and seizure for the satisfaction of debts unless the plan, contract, or account does not qualify under the applicable provisions of the Internal Revenue Code of 1986.
The bill, if enacted, will have no actuarial effect because it does not propose to change the funding or obligations of any public retirement system.
| Source Agencies: | 338 Pension Review Board
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| LBB Staff: | JOB, WM
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