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TMFPixy wrote:
Piz wrote:
<<peppermintpatty wrote:
...All the MSA plans I've seen are savings accounts to which you deposit monies on a pre-tax basis to be used to pay deductibles & copay amounts (before the major med plan kicks in). Any leftover money is yours at retirement... [emphasis mine]

NOTE: This is incorrect!

Any money left in a medical savings account at the end of the year is forfeited! If you don't spend it, you lose it. That's what the rules say.>>

You're thinking of a Section 125 cafeteria plan and not an MSA. The money in an MSA belongs always to the contributor.


Eep. Sorry 'bout that.

Piz
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