Mississippi § 83-62-7 - Purposes for which trustee may utilize funds.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-62-7 — Purposes for which trustee may utilize funds., with citation guidance and answers to common questions.
§ 83-62-7. Purposes for which trustee may utilize funds.
The trustee or custodian shall utilize the funds held in a health savings account solely for the purpose of: Paying the qualified medical expenses of the eligible individual or his or her dependents; Purchasing a health coverage policy certificate, or contract, for an eligible individual who is receiving unemployment compensation, is exercising continuation privileges under federal law or is purchasing a long-term care insurance contract; or Paying for health insurance other than a Medicare supplemental policy for those who are Medicare eligible. Funds held in a health savings account shall not be used to cover expenses of the eligible individual or his or her dependents that are otherwise covered, including, but not limited to, medical expense covered pursuant to an automobile insurance policy, workers’ compensation insurance policy or self-insured plan or another employer-funded health coverage policy, certificate or contract.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 83-62-7
What does Mississippi Code of 1972 Annotated § 83-62-7 cover?
Section 83-62-7 ("Purposes for which trustee may utilize funds.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 83-62-7?
A common citation format is "Mississippi Code of 1972 Annotated § 83-62-7" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 83-62-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.