Get Form 8853 2022-2025

The Archer MSA was available only to self-employed people and small businesses with 50 or fewer workers. 3 No new Archer MSAs can be established. By contrast, an HSA can be offered to employees by businesses of any size and can be created by both a self-employed and an unemployed individual.

You must file Form 8853 if any contributions were made to an Archer MSA, even if your employer made the only contributions. If you made contributions to your spouse's Archer MSA, but your spouse did not, you still have to file Form 8853.

To be eligible for an Archer MSA, you (or your spouse) must be an employee of a small employer or be self-employed. You (or your spouse) must be covered under an HDHP and have no other health coverage except permitted coverage. You must not be enrolled in Medicare and can't be another person's dependent.

Use Form 8853 to: Report Archer MSA contributions (including employer contributions. Figure your Archer MSA deduction. Report distributions from Archer MSAs or Medicare Advantage MSAs.

Archer MSA eligibility Your health plan must be a high-deductible plan, and you must have no other health coverage, although there are some exceptions to the rule. You can't be enrolled in Medicare or claimed as a dependent on another tax return for the current year.

Can I roll over or transfer funds from my HSA or Medical Savings Account (Archer MSA) into an HSA? Yes. Pre-existing HSA funds or MSA monies may be rolled into an HSA and will continue their tax-free status.

The Archer MSA was available only to self-employed people and small businesses with 50 or fewer workers. 3 No new Archer MSAs can be established. By contrast, an HSA can be offered to employees by businesses of any size and can be created by both a self-employed and an unemployed individual.

You must file Form 8853 if any contributions were made to an Archer MSA, even if your employer made the only contributions. If you made contributions to your spouse's Archer MSA, but your spouse did not, you still have to file Form 8853.

To be eligible for an Archer MSA, you (or your spouse) must be an employee of a small employer or be self-employed. You (or your spouse) must be covered under an HDHP and have no other health coverage except permitted coverage. You must not be enrolled in Medicare and can't be another person's dependent.

Use Form 8853 to: Report Archer MSA contributions (including employer contributions. Figure your Archer MSA deduction. Report distributions from Archer MSAs or Medicare Advantage MSAs.

Archer MSA eligibility Your health plan must be a high-deductible plan, and you must have no other health coverage, although there are some exceptions to the rule. You can't be enrolled in Medicare or claimed as a dependent on another tax return for the current year.

Can I roll over or transfer funds from my HSA or Medical Savings Account (Archer MSA) into an HSA? Yes. Pre-existing HSA funds or MSA monies may be rolled into an HSA and will continue their tax-free status.

Can I roll over or transfer funds from my HSA or Medical Savings Account (Archer MSA) into an HSA? Yes. Pre-existing HSA funds or MSA monies may be rolled into an HSA and will continue their tax-free status.

Generally, contributions you make to your Archer MSA are deductible. Employer contributions are excluded from your income and are not deductible by you. If your employer makes a contribution to one of your Archer MSAs, you cannot contribute to any Archer MSA for that year.