Are you 64 or older?

Merritt Personal Lines Manual: What are the benefits of an Archer MSA?

You may enjoy several benefits from having an Archer MSA.

  • You can claim a tax deduction for contributions you make even if you do not itemize your deductions on Form 1040.
  • The interest or other earnings on the assets in your Archer MSA are tax free.
  • Distributions may be tax free if you pay qualified medical expenses. See Qualified medical expenses, later.
  • The contributions remain in your Archer MSA from year to year until you use them.
  • An Archer MSA is "portable" so it stays with you if you change employers or leave the work force.
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