Bill > HB1408

This bill allows qualifying patients or designated caregivers to use flexible spending accounts (FSAs) and health savings accounts (HSAs) to purchase medical marijuana in Arkansas. A flexible spending account is a tax-advantaged medical expense account typically offered through an employer's cafeteria plan, while a health savings account is a personal medical savings account associated with high-deductible health insurance plans. The bill specifically defines these accounts by referencing federal tax code standards, and it draws its authority from the Arkansas Medical Marijuana Amendment of 2016 (Constitutional Amendment 98). By enabling patients and caregivers to use FSAs and HSAs for medical marijuana purchases, the legislation provides additional financial flexibility for individuals seeking to access medical cannabis, potentially making treatment more affordable and accessible for qualifying patients in the state.

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