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Medical Savings Accounts (Archer MSAs)
If you are eligible, a MSA allows you to have a high deductible medical insurance policy and then put the savings(up to 65-75% of your deductible), and deduct your contribution on your tax return, into a tax-free/tax-deferred account to pay for medical expenses(e.g. your deductible) tax-free. The account may be invested in a variety of options, including fixed interest accounts, stocks, bonds, options and mutual funds. If you don't use the funds for medical expenses by the time you are 59 1/2, you can withdraw the funds, tax-deferred, like a traditional IRA.Miscellaneous Links