No. of Recommendations: 0
I will soon become an independent contractor, and will be responsible for my own health, life, and disability. I have been told by peers that a medical savings account is the most cost-effective means to insure my family, which is a wife and two small children.
It seems easy to just get a standard policy, especially since I don't really know what a medical savings account entails.
I have been told that at the end of the year all contributions must be forfeited, this doesn't seem to make any sense to me.
If anyone can enlighten me on the basics of MSAs, it would be greatly appreciated.

I am self employed and have had an MSA since they were created. I strongly recommend it -- a great concept. Check the MSA board in this folder, and the MSA thread on the "self employed" board.

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