Sec. 18. (a) For the purposes of section 17(b) of this chapter, an account administrator that begins to administer a medical care savings account shall, in writing, notify the employee for whose benefit the account was established of the date of the last business day of the administrator’s business year.

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Terms Used In Indiana Code 6-8-11-18

  • 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

  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
     (b) The notice required by this section must be given not more than thirty (30) days after the account administrator begins to administer the medical care savings account.

As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2.