Ohio Code § 3924.62
Ohio Code § 3924.62. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 3924.62
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 3924.62?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 3924.62 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 3924.62 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.