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Is a MSA workmen comp account considered a HSA?

 
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DawnC
Employee Tax Expert

Is a MSA workmen comp account considered a HSA?

No.  A Workers' Compensation Medicare Set-Aside (WCMSA or MSA) account is a dedicated, interest-bearing account containing funds from a workers' compensation settlement, specifically reserved to pay for future injury-related medical expenses that would otherwise be covered by Medicare.  It is not an HSA.

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