§ 83-62-1. Short title
This chapter shall be known and may be cited as the “Health Savings Accounts Act.”
§ 83-62-3. Definitions
As used in this chapter: “Eligible individual” means the individual taxpayer, including employees of an employer who contributes to health savings accounts on the employees’ behalf, who: Is covered by a high deductible health plan individually or with his or her dependents as defined in this chapter; Is not covered under any health plan that […]
§ 83-62-5. Contributions to health savings account; exemption from taxable gross income
For taxable years beginning after January 1, 2005, contributions may be made into a health savings account by or on behalf of a resident of Mississippi pursuant to Section 83-62-3(f). Except as provided in Section 83-62-9, or except as otherwise provided by law, the principal contributed to and the interest earned on a health savings […]
§ 83-62-7. Purposes for which trustee may utilize funds
The trustee or custodian shall utilize the funds held in a health savings account solely for the purpose of: Paying the qualified medical expenses of the eligible individual or his or her dependents; Purchasing a health coverage policy certificate, or contract, for an eligible individual who is receiving unemployment compensation, is exercising continuation privileges under […]
§ 83-62-9. Withdrawal of money; disbursement of account assets pursuant to a filing for protection under Bankruptcy Code; transfer of interest in account to spouse under divorce or separation agreement; distribution upon death of eligible individual; transfer upon change of employment
Notwithstanding subsection (3), (4), (5) or (6) of this section, an eligible individual may withdraw money from his or her health savings account for any purpose other than a purpose described in Section 83-62-7. Subject to subsection (3) of this section, if the eligible individual withdraws money for any purpose other than a purpose described […]