Section 405IAC10-10-1. Establishment of POWER account; noninterest bearing account

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   (a) The insurer shall establish and administer a POWER account in the name of each individual enrolled in the plan. The maximum amount that may be contributed to the POWER account is two thousand five hundred dollars ($2,500) per year, contributed as specified under section 4 of this rule.

  (b) POWER account funds shall be used to pay the member's deductible for health care services covered under the plan.

  (c) A member shall not keep interest earned on the member's POWER account. (Office of the Secretary of Family and Social Services; 405 IAC 10-10-1; filed May 18, 2015, 12:34 p.m.: 20150617-IR-405140339FRA)

                    
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