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|Subject: Re: IRA vs. HSA?||Date: 12/7/2004 6:32 PM|
|Author: dsemmler||Number: 43445 of 82794|
I don't pretend to be an expert, but I think you're thinking of an FSA, not an MSA. A Flexible Savings Account had to be spent each year, or the balance was lost. An MSA (Medical Savings Account) was very similar to an HSA, though the HSA does have several advantages (one of the most notable being that it's available to a much wider group of people).
You are absolutely correct! That is what I was thinking about in my response. Thank you for the clarification!
Now that you clarified that for me, I recall reading an article in Kiplinger's I believe how the HSA could be an option to start saving money for assisted living expenses as one ages.
Thank you for the link for further reading and my apologies to the board for the incorrect information.
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