Indiana § 6-8-11-11 Contributions by employee

Indiana Statutes

§ 6-8-11-11 — Contributions by employee

Indiana § 6-8-11-11

Art. 8MISCELLANEOUS

Ch. 11Employee Medical Care Savings Account Plans

This text of Indiana § 6-8-11-11 (Contributions by employee) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-8-11-11 (2026).

Text

(a)A medical care savings account program established by an employer under this chapter may allow an employee to contribute money to the medical care savings account established for the employee. However, an employee may not contribute an amount larger than necessary to make the balance in the account equal the deductible.

(b)Notwithstanding sections 17 and 23 of this chapter, if an employee contributes money to an account under this section:

(1)the money may be withdrawn from the account by the employee at any time and for any purpose without a penalty;

(2)the withdrawal of the money by the employee is not income to the employee that is subject to taxation under IC 6-3-1 through IC 6-3-7; and

(3)income earned on the money while it is in the account is not income to the employee that

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(a) A medical care savings account program
established by an employer under this chapter may allow an employee
to contribute money to the medical care savings account established for
the employee. However, an employee may not contribute an amount
larger than necessary to make the balance in the account equal the
deductible.
(b) Notwithstanding sections 17 and 23 of this chapter, if an
employee contributes money to an account under this section:
(1) the money may be withdrawn from the account by the
employee at any time and for any purpose without a penalty;
(2) the withdrawal of the money by the employee is not income to
the employee that is subject to taxation under IC 6-3-1 through IC 6-3-7; and
(3) income earned on the money while it is in the account is not
income to the employee that is subject to taxation under IC 6-3-1
through IC 6-3-7.