Colorado Revised Statutes Title 39. Taxation § 39-22-504.6. Definitions

(1) “Account administrator” means:

(1.3) “Account holder” means an employee on whose behalf a medical savings account is established.

(2) “Dependent child” means any person who is:

(2.4) “Eligible medical expense” means any medical expense that is deductible for purposes of section 213(d) of the internal revenue code.

(2.5) “Employee” means the individual for whose benefit a medical savings account is established.

(2.6) “Employer” means a person or entity employing one or more persons in this state, excluding the federal government.

(3) “Medical savings account” means an account established to pay the eligible medical expenses of an account holder and his or her spouse and dependent children, if any.

(3.5) “Qualified higher deductible health plan” means a health coverage policy, certificate, or contract that provides for the payment of covered benefits that exceed the deductible, which shall be at least one thousand five hundred dollars but no more than two thousand two hundred fifty dollars for individual coverage or at least three thousand dollars but no more than four thousand five hundred dollars for family coverage, and that is purchased by an employer for the benefit of an employee who makes deposits into a medical savings account.

(4) Deleted by Laws 1994, H.B.94-1058, § 7, eff. Jan. 1, 1995.