Accounts which allow employees to save a certain amount of money for future medical expenses on a tax-deferred basis. Employees that participate in a MSA are allowed to pay for medical expenses up to the point of meeting their insurance deductible. After the deductible is met, the employees' insurance will then cover any additional medical expenses. Any withdrawals made from a MSA for non-medical expenses are considered taxable. Health Savings Accounts were introduced in 2003 and have replaced Medical Savings Accounts.
Related information about medical savings accounts (MSA):
- Archer MSAs - Tax Glossary
Definition: Archer Medical Savings Accounts (MSA) are tax-deductible savings accounts to save for medical expenses. Archer MSAs, along with Health Savings ...
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Florida Medical Savings Accounts (MSA's) are special financial products that are used to pay for medical care. A person living in Florida may choose to open ...
- Medical Savings Account Study - Buckeye Institute
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- 304 - Medical Savings Accounts (MSA)
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MSA plans for self-employed will reduce your health insurance premiums and your tax bill. Total freedom with no networks.
- What is Medical Savings Accounts (MSA) (Human Resources (HR ...
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- Health Savings Accounts, High Deductible Plans, HSA, HDHP
See the IRS document at www.irs.gov/publications/p969/ar02.html#d0e954. A Medical Savings Accounts (MSA) is an old kind of HSA. If you have a MSA, you ...