A Medicare Medical Savings Account plan (MSA) is a special type of Medicare Advantage plan (Part C). This type of plan may offer the freedom of choice for people who want more control over their health care dollars and decisions. And along with the freedom come some responsibilities.
Life expectancy is on the rise. Today, a 65-year-old man may expect to live to 84, and a 65-year-old woman to 86. One in every four 65-year-olds could live past 90. (Source: Social Security Administration, 2012)
It’s no secret that health care costs are on the rise, especially the cost of prescription drugs. But what may not be well known is that financial help exists to reduce the impact on your wallet.