Montana Code 15-61-201. Establishment of account
15-61-201. Establishment of account. (1) An employer, except as otherwise provided by statute, contract, or a collective bargaining agreement, may establish a medical care savings account for an employee of the employer or for a dependent of the employee.
Terms Used In Montana Code 15-61-201
- account: means an account established with an account administrator in this state pursuant to 15-61-201. See Montana Code 15-61-102
- Contract: A legal written agreement that becomes binding when signed.
- Dependent: A person dependent for support upon another.
- Dependent: means the spouse of the employee or account holder or a child of the employee or account holder if the child is:
(a)under 23 years of age and enrolled as a full-time student at an accredited college or university or is under 19 years of age;
(b)legally entitled to the provision of proper or necessary subsistence, education, medical care, or other care necessary for the health, guidance, or well-being of the child and is not otherwise emancipated, self-supporting, married, or a member of the armed forces of the United States; or
(c)mentally or physically incapacitated to the extent that the child is not self-sufficient. See Montana Code 15-61-102
- Employee: means an employed individual for whose benefit or for the benefit of whose dependents a medical care savings account is established. See Montana Code 15-61-102
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
- Statute: A law passed by a legislature.
- Writing: includes printing. See Montana Code 1-1-203
(2)An individual who is a resident of this state may establish a medical care savings account for that individual or for a dependent of the individual.
(3)Before making any contributions to an employee’s account, an employer shall inform an employee in writing of the state and federal tax status of contributions made pursuant to this chapter.
(4)Upon agreement between an employer and an employee, an employee may have the employer contribute to the employee’s medical care savings account, to a health insurance policy or program for the employee, or to both the account and the policy or program.