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.
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Related terms:
health savings account, AGI
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