Prohibited use of funds

Official textiga.in.govlast amended 1995

Sec. 14. (a) Funds held in a medical care savings account shall not be used to cover medical expenses of the employee or the employee's dependents that are otherwise covered.

(b) Medical expenses that are "otherwise covered" for the purposes of this section include expenses covered by:

# (1)

an automobile insurance policy;

# (2)

a workers' compensation insurance policy or self-insured plan; or

# (3)

another health coverage policy, certificate, or contract.
As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2.

Amendment history

As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2.

Source: view the official text

Nearby sections (25 sections)

6-8-11-3 · "Eligible medical expense"
6-8-11-4 · "Employee"
6-8-11-5 · "Higher deductible"
6-8-11-6 · "Medical care savings account" or "account"
6-8-11-7 · "Medical care savings account program"
6-8-11-8 · "Qualified higher deductible health plan"
6-8-11-9 · Powers and duties of employer
6-8-11-10 · Requirements
6-8-11-11 · Contributions by employee
6-8-11-11.5 · Withdrawal of money contributed after December 31, 2015
6-8-11-12 · Authorized account administrators
6-8-11-13 · Use of funds
6-8-11-14 · Prohibited use of funds
6-8-11-15 · Reimbursement
6-8-11-16 · Advancement of money
6-8-11-17 · Withdrawal of money for other purposes
6-8-11-18 · Written notice required
6-8-11-19 · Money exempt from execution
6-8-11-20 · Distribution upon death of employee with no covered
6-8-11-21 · Transfer of account
6-8-11-22 · Termination of employment
6-8-11-23 · Procedures for payment upon termination
6-8-11-24 · Distribution upon death of employee with dependents
6-8-11-25 · Rules
6-8-12-1 · "Eligible entity"

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