1.1 	A bill for an act
1.2 	relating to financial institutions; regulating health savings and medical savings 
1.3 	accounts; providing asset protection;amending Minnesota Statutes 2016, section 
1.4 	550.37, by adding a subdivision.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2016, section 550.37, is amended by adding a subdivision 
1.7 	to read:
1.8 		Subd. 26.Health savings accounts; medical savings accounts. (a) All money held in 
1.9 	a health savings account, as defined in the Internal Revenue Code of 1986, section 223(d), 
1.10 	as amended, up to a present value of $25,000.
1.11 	(b) All money held in a medical savings account, as defined in the Internal Revenue 
1.12 	Code of 1986, section 220(d)(1), as amended, up to a present value of $25,000.
1.13 	(c) The exemptions in paragraphs (a) and (b) do not apply pursuant to the division of 
1.14 	marital assets under section 518.58, a surviving spouse benefit under section 518.581, and 
1.15 	a support order under section 518A.53.