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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

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MSA plan in Nevada

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.

Q: We are a small business, incorporated in Nevada for over six years, seeking to open a MSA with a group plan for two persons.

A: Perhaps you mean "HSA" and not "MSA". MSA refers to Medical Savings Account that was an experimental program that was effectively replaced following the passage of the Health Savings Account (HSA) for tax years beginning 2004 as part of the Medicare Reform Act. Freedom Benefits (www.freedombenefits.org) offers assistance with small business health plans including HSAs. The adviser's fee is $5 per employee per month, subject to $150 minimum per company per year. These plans may include a range of Health Savings Accounts at no additional cost. The expensive part is the qualifying high deductible health insurance. Cost and availability of this type of coverage depends on your health. To schedule a consultation to explore this option, just sent a request form from the Freedom Benefits Web site with your basic business information.

Summary

More resources:

Freedom Benefits Association MSA Research Project www.healthsavingsaccount-hsa.com

FreedomBenefits.net