Sec. 5. (a) As used in this chapter, for calendar year 1996, "higher deductible" means a deductible of:
(1) not less than one thousand dollars ($1,000); and
(2) not more than five thousand dollars ($5,000).
(b) For calendar years after 1996, the term means a deductible of:
(1) not less than the figure set forth in subsection (a)(1), adjusted under subsection (c); and
(2) not more than the figure set forth in subsection (a)(2), adjusted under subsection (c).
(c) The adjustments referred to in subsections (b)(1) and (b)(2):
(1) may reflect increases in the general level of prices since 1995; and
(2) must be based on:
(A) the Consumer Price Index updated monthly by the Bureau of Labor Statistics of the United States Department of Labor; or
(B) other figures issued by the government of the United States to indicate increases in the general level of prices in the United States.
As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2.
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