InvestorWords.com
medical savings account
Definition
MSA. An account into which tax-deferred funds are contributed. The money from this account can be used to pay for a variety of the individual's medical expenses, such as an insurance copay or deductible. This account is often used by people who are self-employed, so the funds are contributed by the individuals, either for their own use or their employees, if they have any.
Recommended Articles from InvestorGuide.com
Related Videos
Featured Advertiser
Get our free Term of the Day newsletter!



