MN SF2556

Adds a new subdivision to Minnesota Statutes section 550.37 providing asset protection exemptions for health savings accounts and medical savings accounts.

Exempts up to $25,000 in present value held in a health savings account as defined under Internal Revenue Code section 223(d).

Exempts up to $25,000 in present value held in a medical savings account as defined under Internal Revenue Code section 220(d)(1).

Exemptions do not apply in marital asset division proceedings, surviving spouse benefit cases, or support order cases under specified Minnesota statute sections.