Indiana Code 6-8-11-16. Advancement of money
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Sec. 16. An employer that makes contributions to a medical care savings account program on a periodic installment basis may advance to an employee, interest free, an amount necessary to cover unpaid eligible medical expenses that exceed the amount in the employee’s medical care savings account if the employee agrees to repay the advance:
(2) when the employee ceases to be an employee of the employer.
(1) from future installments; or
Terms Used In Indiana Code 6-8-11-16
- 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
- employee: means the individual:
Indiana Code 6-8-11-4
As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2.