Archer Medical Savings Accounts - A Flash In The Pan or a Light At The End of a Long Tunnel?

According to a recent article on MSN Moneycentral, Archer Medical Savings Accounts are now, as it stands, going to be removed from the list of allowable deductions in the upcoming tax season. Of course, there is still time for things to change, but as this article about Archer Medical Savings Accounts explains, there is only a certain amount of time left until the deduction is gone.

What Is an Archer Medical Savings Account?

Before reading this article, I was not sure what exactly an Archer Medical Savings Account was and what the reason was for it existing in the first place. Archer Medical Savings accounts are the compliment to the High-Deductible Insurance Plans that have become so prevalent. Think of the United Healthcares, Cignas, etc when you consider High Deductible plans. For the most part, these are not HMO plans.

Written by Jed Pittman on November 15th, 2006 with no comments.
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