§ 15–145
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 15-145 (2026)
Title 15. Health Insurance
Subtitle 1. General Provisions
§ 15–145LinkCopy Citation
(a)
(1)
In this section the following words having the meanings indicated.
(2)
“Health savings account” has the meaning stated in § 223 of the Internal Revenue Code.
(3)
“High deductible health plan” has the meaning stated in § 223 of the Internal Revenue Code.
(b)
A health savings account is established on the first day that an individual becomes covered by a high deductible health plan.
(c)
The health savings account shall be opened with a trustee or custodian within the time period prescribed by law, without extensions, for filing a federal income tax return for the year in which the health savings account is established.
(d)
A health savings account is established regardless of a transfer of cash or other property to the account and, unless required by the trustee or custodian, it is not necessary for any party to sign a health savings account trust or custodial agreement regarding the health savings account.