Advancement of money
Sec. 16. 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.
As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2.
Last modified: May 28, 2006