Medicare Medical Savings Account (MSA)
Call 1-800-MEDIGAP or 972-800-6670
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Medicare, Your Way |
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With an annual deposit from Medicare, clients can use that money for qualified Medical expenses or roll it over for future costs. |
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Accepted & Approved |
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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.