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Is and HSA the same as a Medical Savings Account? I live in Ohio and the question is: Do You Have a Medical Savings Account? We have an HSA, so is that the same?

 
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Hal_Al
Level 15

Is and HSA the same as a Medical Savings Account? I live in Ohio and the question is: Do You Have a Medical Savings Account? We have an HSA, so is that the same?

Answer no.

if you already took a federal deduction for your HSA, you are not allowed the state MSA deduction.

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1 Reply
Hal_Al
Level 15

Is and HSA the same as a Medical Savings Account? I live in Ohio and the question is: Do You Have a Medical Savings Account? We have an HSA, so is that the same?

Answer no.

if you already took a federal deduction for your HSA, you are not allowed the state MSA deduction.

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