Transfer of account

Official textiga.in.govlast amended 1995

Sec. 21. If an individual:

# (1)

who was employed by an employer that participated in a medical care savings account program; and

# (2)

whose employment was terminated;
becomes employed with a different employer that participates in a medical care savings account program, the individual may transfer the medical care savings account that was established for the individual's benefit by the former employer to the account administrator of the new employer.
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)

6-8-11-10 · 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"
6-8-12-2 · "Eligible event"
6-8-12-3 · Tax exemption; exceptions
6-8-12-4 · Marion County admissions tax not applicable
6-8-12-5 · Findings
6-8-13-1 · "Department"
6-8-13-2 · "Disaster emergency"
6-8-13-3 · "Disaster period"

Full table of contents →