Medical Savings Accounts 

This page features information on the following topics regarding Medical Savings Accounts (MSAs):

• Overview 
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• Benefits of an Archer MSA 
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• Qualifying for an Archer MSA 
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• Contributions to an MSA 
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• Qualified Medical Expenses 
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• Reporting Contributions to an MSA 
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• Distributions from an MSA 
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• Balance in an Archer MSA
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• Employer Participation 
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• Medicare Advantage MSAs 
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Overview

An Archer MSA is a tax-exempt trust or custodial account that individuals can set up with a U.S. financial institution (such as a bank or an insurance company) to save money exclusively for future medical expenses. Archer MSAs were created to help self-employed individuals and employees of certain small employers meet the medical care costs of the account holder, the account holder's spouse, or the account holder's dependent(s).

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