A medical plan combining high-deductible medical insurance protection with a tax-deferred savings account that can be offered by employers as part of a benefits package. Medical savings accounts are designed to help participants pay for medical and healthcare expenses by allowing them to save for those expenses in a tax-sheltered environment. Participants pay healthcare expenses from this account up to the amount of the insurance deductible.

Also known as "Archer medical savings accounts" or "Archer MSAs."

Investopedia Says:
Archer MSAs cannot be established after 2007 and have been replaced by health savings accounts (HSAs), which were introduced in 2003. However, MSAs already established can continue to accept new contributions. MSAs can also be rolled over into HSAs, but no new contributions can be made once the account holder becomes eligible for Medicare. 

Related Links:
If your employer is cutting medical benefits, a health savings account may be right for you. Fighting The High Costs Of Healthcare
You may not be able to prevent illness, but it doesn't have to infect your savings. Failing Health Could Drain Your Retirement Savings
HSAs can provide a new way to save for retirement and medical expenses. Health-y Savings Accounts
HMOs? PPOs? CDHPs? We'll clear up the confusion so you can find the right coverage. How To Choose A Healthcare Plan
Handy tips to cut the cost of hospital bills, co-pays, prescription drugs and more. 20 Ways To Save On Medical Bills

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