Medicare MSA Programs

[headusher]

I was just made aware of Medicare Medical Saving Account (MSA) Plans. From what I am reading they seem to be a good alternative to the purchasing the various Medicare Parts (A, D, etc.) or and Advantage Plan. Being a novice in this area I'm not sure if what I am thinking is correct. Anybody have experience or comments on the Medicare MSA Plans. I'll be retiring this August and will need to choose a Medicare healthcare option.

Regards
RJ

 

[headusher]

Someone has to know about the Medicare MSA Plans!!!!!!

 

[MBSC]

You have to enroll in a high deductible Medicare Advantage plan that does not include drug coverage in order to get the benefits of an MSA. This means you would also need a Part D drug plan. Therefore, you would be paying two premiums, one for the MA plan and one for the Part D plan.