Archer MSA



A savings account that earns tax deductible interest for medical expenses. Archer MSAs are often used by small business or self-employed individuals as a way to pay for healthcare services to employees. This type of account gets its name from Bill Archer, the congressman who helped create the MSA by sponsoring its amendment.


An Archer MSA works much like an IRA. The account owner will make contributions and earn interest on the funds. The gains are tax-defered or tax free when withdrawn for medical expenses. If funds are removed for other reasons, a penalty may be incurred and taxes will usually apply.

  1. Medical Expenses

    Any cost incurred in the prevention or treatment of injury or ...
  2. Health Savings Account - HSA

    An account created for individuals who are covered under high-deductible ...
  3. Medicare

    A U.S. federal health program that subsidizes people who meet ...
  4. Health Reimbursement Account - ...

    Employer-funded plans that reimburse employees for incurred medical ...
  5. Deductible

    1. The amount you have to pay out-of-pocket for expenses before ...
  6. Individual Retirement Account - ...

    An investing tool used by individuals to earn and earmark funds ...
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