Tony Novak profile picture
  "AskTony" column archive        


Most Popular

AskTony Archive

This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

New questions

Submit consumer finance questions at and health insurance questions at

Sponsored by: Insurance Exchange - your source of valuable information on state and federal health reform benefits.

Core Health Insurance - America's favorite mini-med insurance  with affordable premiums, freedom to choose providers, optional PPO discounts and guaranteed eligibility regardless of medical conditions.

Please support the Web sites that make publication of AskTony services possible.

MSA plan in Nevada

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: We are a small business, incorporated in Nevada for over six years, seeking to open a MSA with a group plan for two persons.

A: Perhaps you mean "HSA" and not "MSA". MSA refers to Medical Savings Account that was an experimental program that was effectively replaced following the passage of the Health Savings Account (HSA) for tax years beginning 2004 as part of the Medicare Reform Act. Freedom Benefits ( offers assistance with small business health plans including HSAs. The adviser's fee is $5 per employee per month, subject to $150 minimum per company per year. These plans may include a range of Health Savings Accounts at no additional cost. The expensive part is the qualifying high deductible health insurance. Cost and availability of this type of coverage depends on your health. To schedule a consultation to explore this option, just sent a request form from the Freedom Benefits Web site with your basic business information.


More resources:

Freedom Benefits Association MSA Research Project