§ 67-10-103. Contributions — Exemption From Taxation
For taxable years beginning after 2007, contributions may be made into a health savings account by or on behalf of a resident of Tennessee, pursuant to § 67-10-102. Except as provided in § 67-10-105, principal contributed to and interest earned on a health savings account and money reimbursed to an eligible individual or an employee […]
§ 67-10-104. Utilization of Funds by Trustee or Custodian
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 the individual’s dependents, or to purchase a health coverage policy certificate, or contract, if the eligible individual is receiving unemployment compensation, is exercising continuation privileges under […]
§ 67-10-105. Withdrawal of Money From Health Savings Account
Notwithstanding subsections (c), (d), (e), or (f), an eligible individual may withdraw money from the individual’s health savings account for any purpose other than a purpose described in § 67-10-104. Subject to subsection (c), if the eligible individual withdraws money for any purpose other than a purpose described in § 67-10-104 at any other time, […]
§ 67-10-106. Cost of Living Adjustments
The United States department of treasury may make cost of living adjustments to dollar amounts for requirements for deductibles and out-of-pocket expenses in accordance with § 223 of the Internal Revenue Code (26 U.S.C § 223). If such adjustments are made, then the corresponding amounts in § 67-10-102(4) and (6) will be considered to be […]
§ 67-10-107. Rules and Regulations
The commissioner of revenue is authorized to promulgate rules and regulations to effectuate the purposes of this chapter. All such rules and regulations shall be promulgated in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.
§ 67-10-101. Short Title
This chapter shall be known and may be cited as the “Health Savings Account Act.”
§ 67-10-102. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Deductible” means the total deductible for an eligible individual and all the dependents of that eligible individual for a calendar year; “Dependent” means the spouse or child of the eligible individual as defined in § 152 of the Internal Revenue Code (26 U.S.C. § 152), […]