Medicare Medical Savings Account (MSA)

Call 1-800-MEDIGAP or 972-800-6670

 

Medicare, Your  Way

With an annual deposit from Medicare, clients can use that money for qualified Medical expenses or roll it over for future costs.

Accepted & Approved

MSAs are CMS-approved and can be used wherever Medicare is accepted.

Using your Medical Savings Account for Qualified Medical Expenses that aren’t Medicare-covered Part A and Part B services
Examples

Dental
Vision
Part D prescription drugs
These are just examples of Qualified Medical Expenses. See IRS publication #969 [PDF, 2.13 MB] for the year that you’re filing to get a complete list of the services and products that count as Qualified Medical Expenses.

Can I use the money in my account for this expense?

Yes

Does this expense count toward my deductible?

No

Is the money that I use from my account for this expense taxed?

No

 

Using your Medical Savings Account for Medicare-covered Part A and Part B services

Examples

  • Doctor’s visit
  • Inpatient hospital stay

These are just examples of Medicare-covered Part A and Part B services. Find out if Medicare covers a test, item, or service you need.

Can I use the money in my account for this expense?

Yes

Does this expense count toward my deductible?

Yes

Is the money that I use from my account for this expense taxed?

No

Examples

  • Groceries
  • Utilities

Can I use the money in my account for this expense?

Yes

Does this expense count toward my deductible?

No

Is the money that I use from my account for this expense taxed?  

Yes

 

These are just examples of Qualified Medical Expenses. See IRS publication #969 [PDF, 2.13 MB] for the year that you’re filing to get a complete list of the services and products that count as Qualified Medical Expenses.