71-9-9 - Withdrawals from account by account holder. - Mississippi Statutes

§ 71-9-9. Withdrawals from account by account holder.
 

Unencumbered funds that have accumulated in a medical savings account that are in excess of the higher deductible may be withdrawn by the account holder for purposes other than paying eligible medical expense or procuring health coverage. Money withdrawn pursuant to this section shall be considered gross income as provided in Section 27-7-17, Mississippi Code of 1972. 
 

Sources: Laws,  1994, ch. 468, § 5; reenacted without change, Laws,  1997, ch. 606, § 7, eff from and after passage (approved April 24, 1997).