What Does Medicare Medical Savings Account Mean?

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What does Medicare Medical Savings Account mean? Read on to discover the definition & meaning of the term Medicare Medical Savings Account - to help you better understand the language used in insurance policies.

Medicare Medical Savings Account

Medicare Medical Savings Account

A Medicare Medical Savings Account is a type of Medicare Advantage plan. It combines a high-deductible health plan (HDHP) with a medical savings account (MSA). Individuals on a Medicare MSA plan can initially use their savings account to cover healthcare expenses, and then have coverage through a high-deductible insurance plan once they reach their deductible.

We hope the you have a better understanding of the meaning of Medicare Medical Savings Account.

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