Medicare, Well Spent
Just because you’re living a healthy, active lifestyle now doesn’t mean you can’t plan for future costs. A Medicare Medical Savings Account (MSA) from Lasso Healthcare allows you to make the most of your health insurance.
What is a Medical Savings Account (MSA)?
An MSA is a simple plan with two parts: a high-deductible health plan and a special, medical savings account. An initial deposit of monies is placed into your account. The monies are yours to spend, move to your own bank and/or invest. It’s easy to start:
- Establish high-deductible health plan AND medical savings account
- Lasso Healthcare deposits money into your MSA bank account
- You use your funded account to pay for your health care expenses
- Plan pays for Medicare-covered services once you reach the deductible
Quick Facts About MSA Plans:
- Medicare MSA is a high-deductible health plan and MSA account.
- MSA monthly premium is $0.
- You can use any Medicare participating provider in the United States.
- Lasso Healthcare deposits money from Medicare into your MSA account annually.
- You can use the deposit you get to help pay the deductible.
- Once your deductible is met, you pay nothing for Medicare Part A & B services.
- If you’re enrolled through December 31, any unused funds are yours to keep.
- The funds are tax free when you use them for Qualified Medical Expenses.
- MSAs can’t offer prescription coverage, but you can choose any available Medicare Prescription Drug Plan (PDP) and use your funds toward co-pays, coinsurance and deductibles.
- The MSA can also be paired with supplemental, limited benefit policies, like dental, vision, long-term care, hospital indemnity plans and more, to provide additional coverage.
Who Can Benefit From An MSA?
- Travelers & snowbirds
- HSA fans
- People with controlled chronic conditions
- Health enthusiasts
- Med Supp enrollees
Big News For 2021!
- Expanded service area…8 new states added!
- 2 plan designs available everywhere…no more regions!
- Your clients can earn up to $250 in gift card rewards with health incentives!