Okla. Stat. tit. 63, § 63-2622

As used in the Medical Savings Account Act:

1. "Account holder" means the individual including but not

limited to an employee of an employer or dependents of the

individual on whose behalf the medical savings account is

established;

2. "Dependent child" means any person under the age of twenty-

one (21) years or any person who is legally entitled or subject to a

court order for the provision of proper and necessary subsistence,

education, medical care, or any other care necessary for the health,

or well-being of such person, and who is not otherwise emancipated,

married or a member of the Armed Forces of the United States, or who

is mentally or physically incapacitated and cannot provide for

themselves;

3. "Eligible medical expenses" means an expense paid by the

taxpayer for medical care described in Section 213(d) of the

Internal Revenue Code;

4. "Medical savings account" or "account" means an account

established in this state pursuant to a medical savings account

program to pay the eligible medical expenses of an account holder

and the dependents of the account holder;

5. "Medical savings account program" or "program" means a

program that includes all of the following:

Oklahoma Statutes - Title 63. Public Health and Safety Page 1413

a. the purchase by an individual or employer of a

qualified higher deductible health benefit plan which

is approved by the State Department of Health and

offered by an entity regulated by the State Department

of Health or is approved by the Insurance Commissioner

and offered by an entity regulated by the Insurance

Commissioner or is offered by the State and Education

Employees Group Insurance Board for the benefit of the

individual or an employee of the employer and the

dependents of that individual or the employee,

b. the deposit by an individual into a medical savings

account or the contribution on behalf of an employee

into a medical care account by an employer of all or

part of the premium differential realized by the

employer based on the purchase of a qualified higher

deductible health plan for the benefit of the

employee. An employer that did not previously provide

a health plan or provide a health coverage policy,

certificate, or contract for employees may contribute

all or part of the deductible of a qualified higher

deductible health benefit plan; and

6. "Trustee" means a chartered state bank, savings and loan

association, licensed securities dealer or trust company authorized

to act as a fiduciary; a national banking association or savings and

loan association authorized to act as a fiduciary; or an insurance

company.