Medicare Advantage MSA

Jinglebellboy7 — Wed, 24 Feb 2021 19:21:56 GMT

Turbo Tax is asking if I have a Medicare Advantage MSA plan. I have Anthem MediBlue Plus HMO. It's my understanding this is a Medicare Advantage plan but it is the MSA that is throwing me off. Anyone know if this is an MSA?

Re: Medicare Advantage MSA

MarilynG1 — Wed, 24 Feb 2021 20:17:52 GMT

If you are in the section of TurboTax saying 'Tell us about the health-related accounts you had in 2020', you can check 'None of the above'.

A Medicare Advantage MSA is an Archer MSA designated by Medicare to be used solely to pay the qualified medical expenses of the account holder who is enrolled in Medicare. Contributions can be made only by Medicare. The contributions aren’t included in your income.

Since you have an HMO health plan, this does not apply to you.

Click this link for more info on a Medicare MSA.

topic Medicare Advantage MSA in Get your taxes done using TurboTax

Medicare Advantage MSA

Re: Medicare Advantage MSA