The Medicare MSA is new to the Decatur, IL area, which means there are lots of questions about it. If you're intrigued by the idea of an annual deposit you can use for your healthcare expenses, and a higher deductible doesn't spook you, the MSA might be the right post-65 health insurance for you.
Just last year, a brand new healthcare option released for seniors in central Illinois. This new option is called a Medicare Medical Savings Account, or MSA for short. Until now, no company has ever offered this option in Decatur, IL.
A Medicare Medical Savings Account (MSA) is a $0 premium, high-deductible health insurance plan paired with a special deposit (money given to you for medical expenses). The MSA also has no networks – you can see any doctor that accepts Medicare.
Where does the Medicare MSA deposit come from? How is the product $0 premium, too? Is all of this too good to be true? Answers inside.
You might have noticed that the Medicare Medical Savings Account sounds quite similar to the popular Health Savings Account, or HSA. They are structured very similarly, but the MSA has some pretty phenomenal perks that the HSA does not. Also, they’re for different age groups.
