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Welcome to our special collection of educational writings and resources
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Ten Things You Should Know About Medical Savings Accounts
By Tony Novak
Medical Savings Accounts (MSAs) are promoted as the salvation of small businesses in desperate need of affordable health insurance plans. Forbes called MSAs Super-IRAs and Business Week wrote almost too good to be true". Kiplinger's Personal Finance Magazine said "if you are self-employed, you should jump at the chance to open an MSA". The American Medical Association published a series of articles strongly supporting MSAs and these plans are promoted on the AMA's insurance Web site. Both the Clinton and Bush administration and almost all federal lawmakers on both parties include MSAs as part of the solution to the national health care crisis. The insurance industry and the employee ben...
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