Medicare Medical Savings Account Plans
MSA plans feature a high deductible health plan (HDHP) and a bank account to help cover your medical expenses. HDHPs include a large deductible that you have to pay in full in order to receive coverage. After you pay off this deductible, the HDHP covers 100% of your costs for the rest of the year.
As previously mentioned, MSA plans also include a bank account. In this bank account, the plan provider deposits funds every year for your medical costs. Then, you can use these funds to pay the deductible. Just know that the amount the plan provider contributes is less than the deductible.