Terms Used In Montana Code > Title 15 > Chapter 61 - Medical Care Savings Account

• account: means an account established with an account administrator in this state pursuant to 15-61-201. See Montana Code 15-61-102
• Account administrator: means :

  (a)a state or federally chartered bank, savings and loan association, credit union, or trust company;

  (b)a health care insurer as defined in 33-22-125;

  (c)a certified public accountant licensed to practice in this state pursuant to Title 37, chapter 50;

  (d)an employer if the employer has a self-insured health plan under ERISA;

  (e)the account holder or an employee for whose benefit the account in question is established;

  (f)a broker, insurance producer, or investment adviser regulated by the commissioner of insurance;

  (g)an attorney licensed to practice law in this state;

  (h)a person who is an enrolled agent allowed to practice before the United States internal revenue service. See Montana Code 15-61-102

• Account holder: means an individual who is a resident of this state and who establishes a medical care savings account or for whose benefit the account is established. See Montana Code 15-61-102
• Consumer price index: means the consumer price index, United States city average, for all items, for all urban consumers, as published by the bureau of labor statistics of the United States department of labor. See Montana Code 15-61-102
• 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

• Eligible medical expense: means :

  (a)an expense paid by the employee or account holder for medical care defined by 26 U. 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
• ERISA: means the Employee Retirement Income Security Act of 1974, 29 U. See Montana Code 15-61-102
• Family leave expense: means :

  (a)an expense, calculated monthly, approximating wages lost while caring for an immediate family member for the purposes allowed under the Family and Medical Leave Act of 1993, 29 U. See Montana Code 15-61-102

• Fiduciary: A trustee, executor, or administrator.
• Immediate family member: means a parent, spouse, or child. See Montana Code 15-61-102
• Several: means two or more. See Montana Code 1-1-201