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dsnave
New Member

What does MSA stand for?

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".

1 Reply
Rachel_W
Expert Alumni

What does MSA stand for?

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.

If this doesn't clear up your question, please comment below so I can assist you further.

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