Ohio § 3924.62
Full text of Ohio Ohio Revised Code § 3924.62, with citation guidance and answers to common questions.
§ 3924.62.
(A) A medical savings account may be opened by or on behalf of any natural person, to
pay the person's eligible medical expenses and the eligible medical expenses of that
person's spouse or dependent. A medical savings account may be opened by or on behalf of a person only if that
person participates in a sickness or accident insurance plan, a plan offered by a
health insuring corporation organized under Chapter 1751. of the Revised Code, or
a self-funded, employer-sponsored health benefit plan established pursuant to the
“Employee Retirement Income Security Act of 1974,” 88 Stat. 832, 29 U.S.C.A. 1001 , as amended. While the medical savings account is open, the account holder shall continue to
participate in such a plan. (B) A person who refuses to participate in a policy, plan, or contract of health coverage
that is funded by the person's employer, and who receives additional monetary compensation
by virtue of refusing that coverage, may not open a medical savings account unless
the medical savings account also is sponsored by the person's employer.
Frequently Asked Questions About Ohio § 3924.62
What does Ohio Revised Code § 3924.62 cover?
Section 3924.62 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 3924.62?
A common citation format is "Ohio Revised Code § 3924.62" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 3924.62 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.