Indiana Code 6-8-11-8. “Qualified higher deductible health plan”
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Sec. 8. As used in this chapter, “qualified higher deductible health plan” means a health coverage policy, certificate, or contract that:
(2) is purchased by an employer for the benefit of employees and dependents of employees; and
(1) provides for the payment of eligible medical expenses that exceed a higher deductible;
Terms Used In Indiana Code 6-8-11-8
- account: means an account established in Indiana under a medical care savings account program to pay the eligible medical expenses of an employee and dependents of the employee. See Indiana Code 6-8-11-6
- Contract: A legal written agreement that becomes binding when signed.
- deductible: means the total deductible for an employee and all dependents of the employee for a calendar year. See Indiana Code 6-8-11-1
- higher deductible: means a deductible of:
Indiana Code 6-8-11-5
(3) is part of a medical care savings account program established under this chapter.
As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2.