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. This savings account is used to help you pay for your health care needs throughout the year until you reach your deductible; once the deductible is reached, you are covered by the insurance plan.
A Medicare Medical Savings Account allows you to take control over your health care utilization, while still protecting yourself against the expenses of a catastrophic event.