Sec. 12. The following may be an account administrator under this chapter:
(1) A federal or state chartered:
(A) bank;
(B) savings association;
(C) savings bank; or
(D) credit union.
(2) A trust company authorized to act as a fiduciary.
(3) An insurance company or a health maintenance organization authorized to do business in Indiana under IC 27.
(4) A broker-dealer, an agent, or an investment advisor registered under IC 23-19.
(5) A person that is licensed as an administrator under IC 27-1-25.
(6) An employee welfare benefit plan that is governed by the federal Employee Retirement Income Security Act, 29 U.S.C. 1001 et seq.
(7) An employer that participates in the medical care savings account program.
As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2. Amended by P.L.79-1998, SEC.14; P.L.160-2003, SEC.1; P.L.27-2007, SEC.6.
Structure Indiana Code
Chapter 11. Employee Medical Care Savings Account Plans
6-8-11-0.1. Application of Chapter
6-8-11-3. "Eligible Medical Expense"
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
6-8-11-11. Contributions by Employee
6-8-11-11.5. Withdrawal of Money Contributed After December 31, 2015
6-8-11-12. Authorized Account Administrators
6-8-11-14. Prohibited Use of Funds
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 Dependents
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