Medical Savings Account - MSA

A medical plan combining high-deductible medical insurance protection with a tax-deferred savings account that can be offered by employers as part of a benefits package. Medical savings accounts are designed to help participants pay for medical and healthcare expenses by allowing them to save for those expenses in a tax-sheltered environment. Participants pay healthcare expenses from this account up to the amount of the insurance deductible.

Also known as "Archer medical savings accounts" or "Archer MSAs."

Archer MSAs cannot be established after 2007 and have been replaced by health savings accounts (HSAs), which were introduced in 2003. However, MSAs already established can continue to accept new contributions. MSAs can also be rolled over into HSAs, but no new contributions can be made once the account holder becomes eligible for Medicare.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Health Savings Account — UK US (also health savings account) noun [C] (ABBREVIATION HSA) INSURANCE ► in the US, a type of medical insurance that allows people to pay an amount of money into an account each month without paying tax on that money. Health Savings Accounts… …   Financial and business terms

  • health savings account — n. A savings account available to people who participate in a high deductible health plan that allows them to save pretax earnings to pay for qualified medical expenses and carry over their savings from year to year. abbrv. HSA The Essential Law… …   Law dictionary

  • flexible savings account — (FSA) An account into which employees may set aside pretax income for medical expenses not paid by health insurance (such as co payments, premiums, and expenses that are outside of the employer s plan) or for dependent care expenses. Category:… …   Law dictionary

  • Health Savings Account - HSA — An account created for individuals who are covered under high deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. Contributions are made into the account by the individual or the individual s employer and are… …   Investment dictionary

  • Medical centers in the United States — Health care in the United States Public health care Federal Employees Health Benefits Program Indian Health Service Medicaid Medicare Military Health System / TRICARE State Children s Health Insurance Program (SCHIP) Veterans Health… …   Wikipedia

  • Medical Banking — involves the use banking systems to improve healthcare industry. It is the involvement of banks into the Healthcare value chain to reduce costs,increase access and simplify delivery of healthcare.Medical banking integrates various stakeholders… …   Wikipedia

  • Medical analysis of circumcision — Numerous medical studies have examined the effects of male circumcision with mixed opinions regarding the benefits and risks of the procedure. Opponents of circumcision say it is medically unnecessary, is unethical when performed on newborns, is… …   Wikipedia

  • medical insurance — Health care in China has been largely segmented between urban and rural populations. Among the urban population, for over four decades since the early 1950s, there were two major programmes: the Labour Insurance Programme (LIP) and the Government …   Encyclopedia of Contemporary Chinese Culture

  • Flexible spending account — A flexible spending arrangement (FSA), or Flexible Spending Account, as they are commonly called, is one of a number of tax advantaged financial accounts that can be set up through a cafeteria plan of an employer in the United States. An FSA… …   Wikipedia

  • Individual Retirement Account — An Individual Retirement Account (or IRA) is a retirement plan account that provides some tax advantages for retirement savings in the United States.Legal basisThe individual retirement account and related vehicles (see Definitions) were created… …   Wikipedia

  • Flexible Spending Account - FSA — A type of savings account available in the United States that provides the account holder with specific tax advantages. Set up by an employer for an employee, the account allows employees to contribute a portion of their regular earnings to pay… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.