This bill amends Arkansas Code Title 20, Chapter 56, Subchapter 3, to allow qualifying patients or their designated caregivers to purchase medical marijuana using funds from a flexible spending account (FSA) or a health savings account (HSA). The new section, designated as 20-56-309, provides definitions for both types of accounts, clarifying that an FSA is a medical expense account associated with a cafeteria plan as defined by the Internal Revenue Code, while an HSA is an account established for paying eligible medical expenses under a high-deductible health plan.

The bill specifically states that qualifying patients or designated caregivers, as defined under the Arkansas Medical Marijuana Amendment of 2016, are permitted to utilize these accounts for the purchase of medical marijuana. This legislative change aims to enhance access to medical marijuana for patients who meet the necessary qualifications, thereby integrating it into broader healthcare financing options.