Definitions

(d) An employer if such employer maintains a self-insured health plan meeting the requirements of the federal Employee Retirement Income Security Act of 1974, as amended.

(1.3) Account holder means an employee on whose behalf a medical savings account is established.

(2) Dependent child means any person who is:

(a) Under the age of twenty-one years;

(b) Legally entitled to or the subject of a court order for the provision of proper or necessary subsistence, education, medical care, or any other care necessary for his or her health, guidance, or well-being and who is not otherwise emancipated, self-supporting, married, or a member of the armed forces of the United States; or

(c) So mentally or physically incapacitated that he or she cannot provide for himself or herself.

(2.4) Eligible medical expense means any medical expense that is deductible for purposes of section 213 (d) of the internal revenue code.

(2.5) Employee means the individual for whose benefit a medical savings account is established.

(2.6) Employer means a person or entity employing one or more persons in this state, excluding the federal government.

(3) Medical savings account means an account established to pay the eligible medical expenses of an account holder and his or her spouse and dependent children, if any.

(3.5) Qualified higher deductible health plan means a health coverage policy, certificate, or contract that provides for the payment of covered benefits that exceed the deductible, which shall be at least one thousand five hundred dollars but no more than two thousand two hundred fifty dollars for individual coverage or at least three thousand dollars but no more than four thousand five hundred dollars for family coverage, and that is purchased by an employer for the benefit of an employee who makes deposits into a medical savings account.

(4) (Deleted by amendment, L. 94, p. 2840, § 7, effective January 1, 1995.)