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What is a Medical Savings Account?

A Medicare Medical Savings Account (MSA) plan is a type of Medicare Advantage plan that combines a high deductible health plan with a medical savings account. Enrollees of Medicare MSA plans can initially use their savings account to help pay for health care, and then will have coverage through a high-deductible insurance plan once they reach their deductible. Medicare MSA plans can provide Medicare beneficiaries with more control over health care utilization, while still providing coverage against catastrophic health care expenses.

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