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🔍 Health Savings Accounts

If you currently have an Archer Medical Savings Account, you can roll it into a Health Savings Account tax-free.

📚 What This Guide Covers

This article explains:

• How rolling over an Archer Medical Savings Account works (tax-free)
• Key benefits of Health Savings Accounts
• Eligibility requirements to qualify
• Contribution deadline for each tax year

✅ Benefits of Health Savings Accounts

• Interest or other earnings are tax free
• You can claim a tax deduction for contributions you make even if you do not itemize
• Distributions may be tax-free if you pay qualified medical expenses
• Contributions remain in your account until you use them
• The plan stays with you if you change employers or leave the work force

⚠️ To Qualify, You Must Meet the Following Requirements

• You are an employee (or spouse of an employee) of an employer who maintains a High Deductible Health Plan.
• You are self-employed (or a spouse of someone self-employed) who maintains a High Deductible Health Plan.
• You have no other health insurance or Medicare coverage except what is permitted.

Contribution timing: You can make contributions to your Health Savings Account for a given year up until the income tax filing deadline in April of the following year.

📞 Still Need Help?

If you are having trouble, contact our support team:

Phone: 1-800-516-9442

Or submit a support ticket