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funds that have accumulated in a medical savings account that are in excess of the higher deductible may be withdrawn by the account holder for purposes other than paying eligible medical expense or procuring health coverage. Money withdrawn pursuant to this section shall be considered gross income as provided in Section 27-7-17, Mississippi Code of 1972.

SOURCES: Laws, 1994, ch. 468, Sec. 5, eff from and after January 1, 1994, and shall stand repealed from and after January 1, 1998

1997 Amendment:

Reenacted.

SOURCE: 1997 Laws, Chapter 606, Sec. 7, SB2880, Effective April 24, 1997.