It combines a high-deductible health plan with a medical savings account. Most people who have Medicare Parts A and B can join an MSA Plan. There are some exceptions, such as people who are Medicaid-eligible or who have military-sponsored benefits.

You have health coverage that would cover the Medicare MSA Plan deductible. This includes benefits under employer or union retiree plans. You joined another Medicare Advantage Plan. You get benefits from the U.S. Department of Defense (TRICARE) or the U.S. Department of Veterans Affairs.

The Archer MSA was available only to self-employed people and small businesses with 50 or fewer workers. 3 No new Archer MSAs can be established. By contrast, an HSA can be offered to employees by businesses of any size and can be created by both a self-employed and an unemployed individual.

Use Form 8853 to: Report Archer MSA contributions (including employer contributions. Figure your Archer MSA deduction. Report distributions from Archer MSAs or Medicare Advantage MSAs. Report taxable payments from long-term care (LTC) insurance contracts.

To qualify for an Archer MSA, per Publication 969, "you must be either of the following: An employee (or the spouse of an employee) of a small employer (see below for what qualifies as a "small employer") that maintains a self-only or family High Deductible Health Plan (HDHP) (see below) for you (or your spouse)

Lead Related Construction Renewal Form, California Department of Public Health, 8553.

Congress created the Archer MSA specifically for self-employed individuals and for employees of small businesses with fewer than 50 employees. Contributions to the account by the owner are tax-deductible.