What is an Archer MSA?

An Archer MSA is a tax-exempt trust or custodial account that you set up with a U.S. financial institution (such as an Archer MSA/MSA administrator, bank, or an insurance company) in which you can save money exclusively for future medical expenses.* Archer MSAs have many benefits:

• You can claim a tax deduction
• The interest or other earnings on the assets in your Archer MSA are tax free
• Distributions may be tax free is they are qualified medical expenses
• The contributions remain in your Archer MSA from year to year until you use them
• An Archer MSA is "portable"-it stays with you if you change employers or leave the work force

To learn more about Archer MSAs click here

*HealthEquity does not provide medical or tax advice.  Content should not in any case replace professional medical or tax advice.  If you have questions regarding a medical condition, please consult a qualified healthcare professional.  All tax references are on the federal level.  State taxes may vary.  Please consult your tax advisor.