What is a medicare advantage msa? Turbo Tax Premiere is asking me this info, but doesn't explain what the hell it is!!!!

[stevenjs]

None of the answers given are responsive. The one which asks the same question provides only a broken link and is useless.

[dweelea · Accepted solution]

A Medicare MSA is a plan offered by some private insurance companies.  It is similar to an HSA (Health Savings Account) - it include a high-deductible insurance policy with a savings account. The Medicare MSA plan makes contributions to the savings account, which you can then use to pay qualified medical expenses.

[granpalon]

Here it is Feb. 2024 and you still do not have an answer to: What is a Medicare Advantage MSA.  It is not a MSA, an account you place cash into to pay medical expenses?  A Medicare Advantage plan is nothing similar!  It requires a premium and the insurance company then pays doctor, hospital and prescription drug costs that I am required to pay.  Is this not true!

I don't want to POST IT, I want an answer.

[BillM223]

A Medicare Medical Savings Account (MSA) Plan is similar to an HSA, but you don't put money into it, Medicare does. You can use this money to pay your Medicare-covered costs before you meet the plan’s deductible. 

You can read about it at this Medicare webpage.

@stevenjs