Archer Medical Savings Accounts

URI: https://gptkb.org/entity/Archer_Medical_Savings_Accounts
GPTKB entity
Statements (22)
Predicate Object
gptkbp:instanceOf tax-advantaged savings account
gptkbp:abbreviation gptkb:MSA
gptkbp:benefit contributions are tax-deductible
withdrawals for qualified medical expenses are tax-free
earnings grow tax-deferred
gptkbp:contributionsLimit set annually by IRS
gptkbp:country gptkb:United_States
gptkbp:createdBy gptkb:United_States_federal_government
gptkbp:eligibility self-employed individuals
employees of small businesses (50 or fewer employees)
gptkbp:establishedBy gptkb:Health_Insurance_Portability_and_Accountability_Act
gptkbp:establishedIn 1996
https://www.w3.org/2000/01/rdf-schema#label Archer Medical Savings Accounts
gptkbp:namedAfter gptkb:Bill_Archer
gptkbp:purpose to help self-employed individuals and small businesses save for medical expenses
gptkbp:relatedTo gptkb:Health_Savings_Account
gptkb:Health_Reimbursement_Arrangement
Flexible Spending Account
gptkbp:replacedBy gptkb:Health_Savings_Accounts
gptkbp:status no new accounts can be established after 2007
gptkbp:bfsParent gptkb:IRS_Form_5329
gptkbp:bfsLayer 6