405 IAC 10-10-1
405 IAC 10-10-1 Establishment of POWER account; noninterest bearing account
Cite as Ind. Admin. Code tit. 405, r. 10-10-1
Sec. 1. (a) The managed care organizations 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.