It is important to emphasize, that the value of savings collected by the use of Medical Savings Accounts
is influenced by various macroeconomic factors (e.g.
Medical savings accounts
are available to self-employed individuals or those working for an employer that had an average of 50 or fewer employees during either of the prior two years.
Medical savings account
users must be prudent about spending each MSA dollar so that they don't leave themselves too exposed with an uncovered deductible, since MSA funds can be used for medical benefits that are not covered under a typical high-deductible health plan.
* Medical Savings Accounts
: Cost Implications and Design Issues.
Be aware: The Medical Savings Account
concept is designed as a pilot project, not a permanent arrangement.
A more realistic method to make consumers more cost conscious in purchasing health care is the Medical Savings Account
. This plan combines a high deductible catastrophic plan with an employer financed MSA for low dollar heath expenses.
"After having been told by my primary care physician that I needed to have a couple of tests run at a hospital, I explained to him about my medical savings account
and inquired about the cost of the tests.
Several carriers have rolled out products early hoping that they'll be close to the final regulations." The list of early adopters includes SIHO and Golden Rule, which also was a national pioneer in another consumer-driven health-care concept, the medical savings account
1, 2004, you can convert any balances in an Archer Medical Savings Account
or Qualified State Tuition Plans to an LSA.
Calvert also dismissed the idea of a medical savings account
Defined contribution models for healthcare delivery-particularly those that offer medical savings account
features--are starting to catch on.
A Medical Savings Account
(MSA) is a tax-exempt savings account set up in conjunction with a bare-bones, high-deductible insurance plan and may provide an affordable option for businesses with fewer than 50 employees or for self-employed individuals.