Many of you know by now that we have been at the forefront of promoting the Idaho MSA program here locally to people across our beautiful state, but you may or may not know that Idaho Independent Bank also offers Health Savings Accounts (HSAs) as well.
Because we are not just the Idaho MSA expert but also the HSA expert, we are always being asked...
"What is the difference between an Idaho MSA and an HSA, anyway?"
We completely understand how the nuances between these two can be confusing. They're very similar and in fact, the Idaho MSA in many ways was modeled after the Federal HSA. In many instances (like eligible expenses, for example), they actually refer to the same IRS Publication 502 to determine what is allowed, and what is not.
That being said, there are many key similarities and differences we wanted to highlight to help clear up all of this confusion. We thought one of the best ways to do this (other than writing this blog post!) was to create a nice flyer for all you visual learners out there. Sometimes all of this "MSA vs. HSA" alphabet soup can get a little confusing.
Take a look at our flyer below and let us know what you think!
(Click Image to Enlarge)
We hope this flyer is a big help, and we're always open to suggestions! If you have any questions about Idaho MSAs, HSAs, or simply just a suggestion for an flyer or a blog post please don't hesitate to contact our office! We would love to hear from you.
Lastly, be sure to check out all the other flyers we've done in our Idaho MSA Infographic Library as well.
Thanks for stopping by our blog, and we look forward to working with you to help you and your family maximize your healthcare savings this year!