Medical Savings Account (MSA)
The predecessor pilot program combining HSAs with high-deductible plans for self-employed and small groups, largely superseded by HSAs.
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Practice This Concept
An Archer Medical Savings Account (MSA) is available to:
Self-employed individuals and employees of small employers covered by a high-deductible plan — The Archer MSA is a predecessor to the HSA and is limited to two groups: self-employed individuals and employees of small employers who purchase a qualifying high-deductible health plan. Money in the MSA can accumulate tax-free and be used to pay qualified medical expenses. Because the product is a consumer-driven health plan option studied under AH-III.A.1b, the exam tests which populations are eligible and how the high-deductible requirement anchors the arrangement's tax treatment.
National insurance concept
An Archer Medical Savings Account (MSA) is available to which of the following?
Self-employed individuals and employees of small employers who are covered by a high-deductible plan — An Archer MSA is a tax-advantaged savings arrangement available to self-employed individuals and employees of small employers who are enrolled in a high-deductible health plan. It is one of the four CDHP models, HRA, MSA, HDHP+HSA, and FSA, listed in the A&H examination objectives. Funds accumulate tax-free and are used to pay qualified medical expenses, and amounts not spent remain in the account.
National insurance concept
- Medical ExpenseAn Archer Medical Savings Account (MSA) is available to:
- Medical ExpenseAn Archer Medical Savings Account (MSA) is available to which of the following?
- Medical ExpenseAn Archer Medical Savings Account (MSA) is available to:
- Medical ExpenseAn Archer Medical Savings Account (MSA) is available to:
- Medical ExpenseCompared with a flexible spending account (FSA), a feature of an Archer Medical Savings…
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