Glossary - M


See Medical Savings Account

Managed Care

Any arrangement for health care in which an organization, such as an HMO, another type of doctor-hospital network, or an insurance company, acts as an intermediary between the person seeking care and the physician.

Maximum Contribution Limit

The maximum dollar limit, determined by the IRS, an accountholder may contribute to their Health Savings Account (HSA) annually.


A program in the United States, jointly funded by the federal and state governments, that reimburses hospitals and physicians for providing care to qualifying people who cannot finance their own medical expenses.

Medical Savings Accounts (Archer MSA)

MSAs were a type of spending account offered to small businesses and self-employed individuals to save money for future medical expenses. There are IRS guidelines on MSAs regarding enrollment, contributions, distributions, and being covered by a High Deductible Health Plan.


A program under the U.S. Social Security Administration that reimburses hospitals and physicians for medical care provided to qualifying individuals.


A person and/or their dependents who are covered by a health carrier and enrolled in its heath plan. Also known as covered person and plan participant.

Money Market Sweep

A bank account that, at the close of each business day, automatically transfers amounts that exceed (or fall short of) a certain level into or from a higher-interest earning money market account.

Invest in your HSA with UMB HSA Saver

Now you can invest your HSA savings in UMB HSA Saver and take advantage of our easy-to-use investing platform.

How to Use ReceiptVault

Easily track and manage your healthcare receipts using ReceiptVault.

How to use your HSA

Watch how to use your HSA

Make the most of your HSA by watching this informational video.