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An Archer Medical Savings Account (MSA) is a special tax-favored account, similar in many respects to an IRA, used to pay for qualified medical expenses, fund a long term care plan with tax-free dollars and add to your retirement funds. Money deposited into this account is tax-deductible and earnings are tax-free within the account.
An MSA must be set up in conjunction with an IRS qualified high deductible health plan (HDHP). Typically, a high deductible health policy will cost much less than a traditional medical plan.
Advantages of an MSA
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Lower Health Insurance Premiums
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Tax-Deductible Savings Vehicle
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Tax-Free Earnings
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Tax-Free Medical Expenses
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More Control Over Your Medical Expenses
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You and Your Doctor Take Control Of Your Healthcare Decisions
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At Age 65 or upon disability, funds may be withdrawn for non-medical expenses without penalties...but, will be taxed as ordinary income
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MSA Eligibility Requirements
Self-employed (or the spouse of a self-employed person) and maintain a qualified high deductible health plan (HDHP) for yourself or your family. An employee (or the spouse of an employee) of a qualified small business (50 or fewer employees) that maintains a qualified HDHP. A qualified small-business owner with a qualified HDHP.
Information based upon IRS Publication 969, "Medical Savings Accounts"
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Request an MSA / HDHP Quote
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Continue to Eligibility Requirements of the HDHP
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Your request
will be processed and/or referred to a licensed agent in your state.
Stephen Jarvis is licensed to sell life insurance and health insurance in the following states:
California License #0C94325, Florida License #D072714
Alabama, Arizona, Colorado, Georgia, Iowa, Illinois, Indiana, Kansas, Louisiana, Maryland, Michigan, Minnesota, Missouri, North Carolina, South Carolina, New Jersey, New York, Ohio, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Utah, Virginia, Wisconsin |
