Publication 969 - Medical Sving Accounts(Msas) - Deaprtment Of Treasury - 2002
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8Department of the Treasury
Contents
Internal Revenue Service
Important Change . . . . . . . . . . . . . . . . . . . . . . . . . .
1
Publication 969
Important Reminder . . . . . . . . . . . . . . . . . . . . . . . .
1
Cat. No. 24216S
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
Medical
Archer MSAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Qualifying for an Archer MSA . . . . . . . . . . . . . . .
2
Setting Up an Archer MSA . . . . . . . . . . . . . . . . .
3
Savings
Making Contributions . . . . . . . . . . . . . . . . . . . . .
3
Receiving Distributions . . . . . . . . . . . . . . . . . . . .
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Filing Form 8853 . . . . . . . . . . . . . . . . . . . . . . . .
5
Accounts
Employer Participation . . . . . . . . . . . . . . . . . . . .
5
Medicare+Choice MSAs . . . . . . . . . . . . . . . . . . . . .
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(MSAs)
How To Get Tax Help . . . . . . . . . . . . . . . . . . . . . . .
6
Including:
Important Change
• Archer MSAs
Medical savings accounts program extended. The pi-
• Medicare+Choice MSAs
lot program for MSAs was scheduled to end December 31,
2002, but has been extended until December 31, 2003.
For use in preparing
Important Reminder
2002
Returns
Photographs of missing children. The Internal Reve-
nue Service is a proud partner with the National Center for
Missing and Exploited Children. Photographs of missing
children selected by the Center may appear in this publica-
tion on pages that would otherwise be blank. You can help
bring these children home by looking at the photographs
and calling 1–800 –THE –LOST (1 –800 –843 –5678) if
you recognize a child.
Introduction
This publication explains Archer MSAs and introduces
Medicare+Choice MSAs. Archer MSAs were created to
help self-employed individuals and employees of certain
small employers meet the medical care costs of the ac-
count holder, the account holder’s spouse, or the account
holder’s dependent(s).
A Medicare+Choice MSA is an Archer MSA designated
by Medicare to be used solely to pay the qualified medical
expenses of the account holder who is eligible for Medi-
care. No Medicare+Choice MSAs have been established
as of the revision date of this publication.
Archer MSAs and Medicare+Choice MSAs are “pilot
projects” scheduled to end December 31, 2003.
You do not need IRS approval to start your Archer MSA.
Complete Form 8853, Archer MSAs and Long-Term Care
Insurance Contracts, and attach it to your Form 1040 each
year you (or your spouse if you file jointly) have Archer
MSA contributions or distributions.
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