Section 3924.61 | Medical Savings Account Definitions.
Effective: June 30, 1997 Latest Legislation: House Bill 374 – 122nd General Assembly As used in sections 3924.61 to 3924.74 of the Revised Code: (A) “Account holder” means the natural person who opens a medical savings account or on whose behalf a medical savings account is opened. (B) “Eligible medical expense” means any expense for […]
Section 3924.62 | Opening of Medical Savings Account.
Effective: June 30, 1997 Latest Legislation: House Bill 374 – 122nd General Assembly (A) A medical savings account may be opened by or on behalf of any natural person, to pay the person’s eligible medical expenses and the eligible medical expenses of that person’s spouse or dependent. A medical savings account may be opened by […]
Section 3924.63 | Owners of Interest in Medical Savings Account.
Effective: June 30, 1997 Latest Legislation: House Bill 374 – 122nd General Assembly The owners of interest in a medical savings account are the account holder and the account holder’s spouse and dependents. No medical savings account shall be subject to garnishment or attachment.
Section 3924.64 | Administration of Accounts.
Effective: June 30, 1997 Latest Legislation: House Bill 374 – 122nd General Assembly (A) At the time a medical savings account is opened, an administrator for the account shall be designated. If an employer opens an account for an employee, the employer may designate the administrator. If an account is opened by any person other […]
Section 3924.65 | Notice of Tax Status of Deposits.
Effective: October 1, 1996 Latest Legislation: House Bill 179 – 121st General Assembly Each employer that opens a medical savings account for an employee shall inform the employee, in writing at the time the account is opened, of the federal and state tax status of deposits made to the account.
Section 3924.66 | Account Deducted From Ohio Adjusted Gross Income.
Effective: September 6, 2002 Latest Legislation: Senate Bill 200 – 124th General Assembly (A) In determining Ohio adjusted gross income under Chapter 5747. of the Revised Code, an account holder may deduct an amount equaling the total of the deposits that the account holder, the account holder’s spouse, or the account holder’s employer made to […]
Section 3924.67 | Withdrawals.
Effective: June 30, 1997 Latest Legislation: House Bill 374 – 122nd General Assembly An account holder may withdraw funds from the account holder’s account at any time, for any purpose. However, the administrator of a medical savings account shall not disburse funds to an account holder during the year in which the funds were deposited, […]
Section 3924.46 | Prohibiting Denial of Enrollment of Certain Children.
Effective: June 30, 1994 Latest Legislation: Senate Bill 295 – 120th General Assembly (A) As used in sections 3924.46 to 3924.49 of the Revised Code, “health insurer” has the same meaning as in section 3924.41 of the Revised Code. (B) No health insurer shall deny enrollment of a child under the health plan of the […]
Section 3924.47 | Duties of Health Insurer of Noncustodial Parent.
Effective: July 1, 2000 Latest Legislation: House Bill 471 – 123rd General Assembly If a child has health care coverage through a health insurer of a noncustodial parent, the health insurer shall do all of the following: (A) Provide such information to the custodial parent of the child as may be necessary for the child […]
Section 3924.48 | Parent Required by Court or Administrative Order to Provide Health Care Coverage for Child – Duties of Health Insurer.
Effective: December 13, 2002 Latest Legislation: House Bill 657 – 124th General Assembly (A) If a parent of a child is required by a court or administrative order to provide health care coverage for the child, and if the parent is eligible for family health care coverage provided by a health insurer, the health insurer […]