What Does Medical Savings Accounts Mean?

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What does Medical Savings Accounts mean? Read on to discover the definition & meaning of the term Medical Savings Accounts - to help you better understand the language used in insurance policies.

Medical Savings Accounts

Medical Savings Accounts

A medical savings account (MSA) is an account that money can be deposited into and then used to pay for healthcare expenses. Money stored in MSAs are exempt from taxation.

We hope the you have a better understanding of the meaning of Medical Savings Accounts.

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