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MEDICAL SAVING ACCOUNT Medical savings accounts
are one approach to paying for extended medical costs. A medical savings account
is similar to the IRA we discussed earlier, and is used to pay for eligible medical
expenses. It can only be established in connection with a qualified high deductible
health plan, which provides protection against the potentially catastrophic expenses
of serious illness or injury.
If
you have questions about the validity of an organization to legitimately open
IRA's contact the IRS (Internal Revenue Service), listed in the phone book under
United States Government.
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