Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 1:17:57 PM

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".

0 1 1636
1 Replies
Expert Alumni
Jun 4, 2019 1:17:58 PM

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.