What does MSA stand for?

Forum|Forum|7 years ago
June 4, 2019
1 reply
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In TurboTax it is asking "Income Reported on you return", then at "Distributions from MSA or HSA", the abbreviation "MSA" is undefined. For that matter, so is "HSA" by that's "Health Saving Account".

TurboTax Premier Windows

RachelW33

Alumni - Expert

MSA stands for Medical Savings Account.

MSA plans are similar to HSA plans in that they both require that you have a high-deductible health care plan. However, an MSA has a couple more qualifications you must meet. To qualify for an MSA, you must be an employee, or spouse of an employee, of a company that employs 50 or fewer people -- or you must be self-employed or a spouse of a self-employed person.

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