§ 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.

Legislative History

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