Health Savings Accounts – Establishment and Application of Trust Law. Authorizing the establishment of a certain health savings account; providing that certain provisions of law do not apply to certain health savings accounts; providing that a health savings account is established on the first day that an individual becomes covered under a high deductible health plan; requiring a health savings account to be opened with a trustee or custodian within a certain time period; and clarifying that a health savings account is established regardless of certain circumstances.