Ind. Code § 6-8-11-16

Current through P.L. 171-2024

Section 6-8-11-16 - Advancement of money

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:

(1) from future installments; or

(2) when the employee ceases to be an employee of the employer.

IC 6-8-11-16

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