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rusak2
1 month ago
10

Mr. Chen has heard about a Medical Savings Account (MSA), but wants to know if it is just about saving money, or if he will get

insurance coverage for his health care expenditures as well.
Health
1 answer:
Leni [1.4K]1 month ago
8 0

Answer:

A medical savings account (MSA) is a program designed for self-employed individuals, allowing for tax-deferred contributions aimed at covering medical costs. Withdrawals are exempt from taxes when spent on eligible medical expenses.

Explanation:

For Mr. Chen, the Medical Savings Account does not include insurance coverage; it solely pertains to covering medical costs.

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