Sec. 21. If an individual:

(1) who was employed by an employer that participated in a medical care savings account program; and

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Terms Used In Indiana Code 6-8-11-21

  • 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
(2) whose employment was terminated;

becomes employed with a different employer that participates in a medical care savings account program, the individual may transfer the medical care savings account that was established for the individual’s benefit by the former employer to the account administrator of the new employer.

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