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Combine better health and great tax savings* with an Idaho Medical Savings Account (MSA). By dedicating savings for future healthcare expenses, you can rest assured, knowing you're prepared when the need arises.
In addition to earning dividends, you will realize multiple tax-saving benefits. The tax advantages of an Idaho MSA are available even if you do not have a high deductible health plan (HDHP), a requirement for a federal HSA.
Qualified (tax-free) medical expenses include, but are not limited to, the following:
You may contribute up to $2,000 each year to your Idaho MSA. If you are married and file a joint income tax return, you may contribute up to $4,000 per year.
Reimbursements that are re-deposited into the MSA are not considered contributions to the MSA.