One of the main advantages of an MSA Plan is that the unused funds in your MSA account can roll over from year to year, meaning you can accumulate savings for future healthcare expenses. Additionally, MSA Plans typically have lower monthly premiums than other Medicare Advantage plans, making them an attractive option for those on a tight budget.
It’s important to note that MSA Plans have a high deductible that must be met before the plan begins to cover healthcare expenses. This means that you will be responsible for paying for your healthcare expenses until you meet the deductible, which can be a significant expense for those with high healthcare needs.
At Morgan & Allen, our team of independent insurance agents is here to help you navigate the complex world of Medicare and find the right plan for your unique needs. If you are considering an MSA Plan, we can help you evaluate your healthcare needs and compare plans to find the right coverage for you.
If you’re interested in exploring Medicare Savings (MSA) Plans or any other Medicare plan, Morgan & Allen’s independent insurance agents in Cary, NC and Durham, NC are here to help. Our team can assist you in evaluating your healthcare needs, comparing plans, and finding the coverage that best fits your unique situation. Contact us today to schedule a consultation and learn how we can help you.