{"data":{"id":"us-in/ic-6-8-11-5","jurisdiction":"us-in","citation":"IC 6-8-11-5","heading":"\"Higher deductible\"","body":"Sec. 5. (a) As used in this chapter, for calendar year 1996, \"higher deductible\" means a deductible of:\n(1) not less than one thousand dollars ($1,000); and\n(2) not more than five thousand dollars ($5,000).\n(b) For calendar years after 1996, the term means a deductible of:\n(1) not less than the figure set forth in subsection (a)(1), adjusted under subsection (c); and\n(2) not more than the figure set forth in subsection (a)(2), adjusted under subsection (c).\n(c) The adjustments referred to in subsections (b)(1) and (b)(2):\n(1) may reflect increases in the general level of prices since 1995; and\n(2) must be based on:\n(A) the Consumer Price Index updated monthly by the Bureau of Labor Statistics of the United States Department of Labor; or\n(B) other figures issued by the government of the United States to indicate increases in the general level of prices in the United States.","path":["TITLE 6. TAXATION","ARTICLE 8. MISCELLANEOUS","Chapter 11. Employee Medical Care Savings Account Plans"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-8-11-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"5c2b7c2ba3677a23ccd0016ba3663a141cd7b2c8163c47432299ee3379f26d2a","source_id":"us-in","stale":false,"prev":"us-in/ic-6-8-11-4","next":"us-in/ic-6-8-11-6"},"notice":"GroundRules: Original legal text. Not legal advice."}