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What makes Health Savings Accounts (HSAs) better than Medical Savings Accounts (MSAs)?

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What makes Health Savings Accounts (HSAs) better than Medical Savings Accounts (MSAs)?

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A. The HSA allows any eligible individual (see IRS link above for eligible individuals) to open a Health Savings Account, not just the self-employed and small companies who were provided for in MSAs. Also, HSAs allow individuals to contribute amounts equal to the deductible (subject to a cap of $2,600 for individuals and $5,150 for families), rather the the MSA restriction of only 65% for individuals and 75% for families. In addition, all of the advantages of the MSA are incorporated in the HSA.

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