How Medical Savings Accounts (MSAs) Work
Medical Savings Accounts (MSAs) offer a better alternative to
traditional and managed care insurance. Working in conjunction with
a Major Medical plan, the Medical Savings Account provides
comprehensive coverage.
Money is
deposited into a personal Medical Savings Account which you can
spend on medical expenses throughout the year.
You use the money in the MSA account to pay for minor and routine
medical expenses - including expenses normally not covered by other
group health insurance, such as dental, vision, mental health and
chiropractic.
You are rewarded for purchasing medical care wisely. Any money
left in your MSA account at year's end is yours to keep.
Medical Savings Accounts
put you back in control of your health care - and you reap the
rewards.
With HMOs closing in, we are all on the verge of losing our
freedom of choice for medical care. But there's something new on the
horizon - a bold new alternative that preserves patient choice and
puts us back in control of our own health care.
Medical Savings Accounts (MSAs) give control back to you - the
way it should be. With MSAs
you
decide which doctor to visit. You are free to seek the care you
need, and you have the money to pay for it.
You may use your Medical Savings Account to pay for expenses that
are not covered under your current health benefit plan: like dental,
vision, mental health, chiropractic, acupuncture and other health
care as defined by the IRS. MSAs also pay first-dollar benefits,
reducing your out-of-pocket medical expenses.
MSAs empower you to make decisions that reflect your own best
interests. Personal decisions - like whether to get a second opinion
- are best made by individuals, not by a bureaucrat. MSAs involve
you in your own health care delivery, and in turn provide long-term
satisfaction for your family.
And another big difference: Those with MSAs who shop wisely and
control health care spending are rewarded with year-end cash
refunds. Do you know
of any other insurance plan that gives you money back?
