Medicare MSA Limited Coverage in 2025

[somarco]

In 2025, Medicare Medical Savings Accounts (MSAs) will continue to only be available in Wisconsin as compared to being available in 37 states in 2023. Unlike other Medicare Advantage plans, MSAs are made up of a high-deductible health plan and a medical savings account funded by an annual tax-free deposit. MSA members can use the medical savings account to pay for healthcare costs before the health plan deductible is met. MSA members can enroll in any available stand-alone Medicare Part D plan (PDP) for their drug coverage.

The number of 2025 Medicare Advantage plan choices decrease

An analysis of 2025 Medicare Advantage plan data shows that there will be 3% fewer Medicare Advantage plans available in 2025 as compared to 2024. Across the country, the total number of 2025 Medicare Advantage plans will decrease to 5,218, as compared to 5,377 plans in 2024.

q1medicare.com

Looks like Craig got out at the right time . . .

 

[axeman462]

That's unfortunate, I felt like the MSA option had so much potential, but it never really took off.

We had one in Florida for a short period of time, but the star rating was so bad that I never offered it.

 

[somarco]

Regular MSA's and HSA's also fell short of the potential. Many of the individual MSA/HSA were never funded or only had nominal deposits to the side fund.

As for the Medicare MSA, beyond understanding the concept and finding providers willing to take the plans, too many folks on Medicare have little "disposable" income for something that does not offer an immediate return on the investment.

Conceptually good but not enough to gain traction.

 

[LostDollar]

Regular MSA's and HSA's also fell short of the potential. Many of the individual MSA/HSA were never funded or only had nominal deposits to the side fund.

As for the Medicare MSA, beyond understanding the concept and finding providers willing to take the plans, too many folks on Medicare have little "disposable" income for something that does not offer an immediate return on the investment.

Conceptually good but not enough to gain traction.

One of the big problems there is the plan holder is subject to the full amount of the Medicare Allowed Amount.