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Medical savings account

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Title: Medical savings account  
Author: World Heritage Encyclopedia
Language: English
Subject: Taxation, Medisave, Double taxation, Income tax threshold, No taxation without representation
Collection: Health Economics, Taxation
Publisher: World Heritage Encyclopedia
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Medical savings account

A medical savings account (MSA) is an account into which tax-deferred amounts from income can be deposited. These amounts are often called contributions; they may be made by a worker, an employer, or both, depending on a country's laws.

The money in such accounts is expected be used to pay for medical expenses. Withdrawals from the account often called distributions, if made for that reason, may or may not be subject to income tax. Withdrawals without adequate documentation of use for medical expenses are subject to penalties.

Contents

  • In Singapore 1
  • In China 2
  • Sources and publication of nautical charts 3
  • Chart correction 4
    • Limitations 4.1
  • Map projection, positions, and bearings 5
  • Electronic and paper charts 6
    • Labeling nautical charts 6.1
  • Details on a nautical chart 7
    • Pilotage information 7.1
    • Depths and heights 7.2
    • Tidal information 7.3
  • See also 8
  • Further reading 9
  • References 10
  • External links 11

In Singapore

Medisave (Chinese: 保健储蓄) was introduced in April 1984 as a national medical savings system in Singapore. The system allows Singaporeans to put aside part of their income into a Medisave account to meet future personal or immediate family's hospitalization, day surgery and for certain outpatient expenses.

Under this system, Singaporean employees contributes 6-8% (depending on age group) of their monthly salaries to a personal Medisave account. The savings can be withdrawn to pay the hospital bills of the account holder and his or her immediate family members.

In China

In December 1994, China began a pilot study of medical savings accounts in the cities of Zhenjiang and Jiujiang.[1] China has planned to expand the program.[1]

Contents

  • In Singapore 1
  • In China 2
  • Sources and publication of nautical charts 3
  • Chart correction 4
    • Limitations 4.1
  • Map projection, positions, and bearings 5
  • Electronic and paper charts 6
    • Labeling nautical charts 6.1
  • Details on a nautical chart 7
    • Pilotage information 7.1
    • Depths and heights 7.2
    • Tidal information 7.3
  • See also 8
  • Further reading 9
  • References 10
  • External links 11

In the United States

The United States has two medical savings account programs:

See also

References

  1. ^ Calder, Nigel. How to Read a Navigational Chart: A Complete Guide to the Symbols, Abbreviations, and Data Displayed on Nautical Charts. International Marine/Ragged Mountain Press, 2002.
  2. ^ British Admiralty. The Mariner's Handbook. 1999 edition, page 23.
  3. ^ Marine Investigation Accident Branch (2007) Report Number 18/2007.
  4. ^ See, for example, NOAA 14860 - Lake Huron 1:500,000 and NOAA 14853 Detroit River 1:15,000.
  5. ^ Nautical charts on sailingissues.com

External links

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