You'll need to sign in or create an account to connect with an expert.
Line 2 on the MSA worksheet is the "annual deductible amount of your high deductible health plan".
This number was entered by you on the screen entitled "Archer MSA contribution", on the line that reads "Annual deductible amount".
This number needs to be between the low and high limits for an HDHP that is eligible to be used with an Archer MSA. The numbers you see in the message are the lower and upper limits for a Self-only HDHP that is used with an Archer MSA.
Self-Only Coverage
Minimum annual deductible - $2,350 (2019)
Maximum annual deductible - $3,500 (2019)
The first question is: Do you have an Archer MSA? They are much less common than HSAs, and are being phased out anyway. If you don't, you need to delete any Archer MSA data.
But if you do have an Archer MSA, then you need to revisit the screen I indicated above to recheck your answer.
[Edited 3/17/2020 3:41 pm - updated for 2019]
Line 2 on the MSA worksheet is the "annual deductible amount of your high deductible health plan".
This number was entered by you on the screen entitled "Archer MSA contribution", on the line that reads "Annual deductible amount".
This number needs to be between the low and high limits for an HDHP that is eligible to be used with an Archer MSA. The numbers you see in the message are the lower and upper limits for a Self-only HDHP that is used with an Archer MSA.
Self-Only Coverage
Minimum annual deductible - $2,350 (2019)
Maximum annual deductible - $3,500 (2019)
The first question is: Do you have an Archer MSA? They are much less common than HSAs, and are being phased out anyway. If you don't, you need to delete any Archer MSA data.
But if you do have an Archer MSA, then you need to revisit the screen I indicated above to recheck your answer.
[Edited 3/17/2020 3:41 pm - updated for 2019]
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
maggiepdx
New Member
leia-gomes8
New Member
cugnolaw
New Member
in Education
Pwee
Level 1
BSR
Returning Member