What does the Medical Savings Account (MSA) pay for under the Medicare Advantage plan?

The Medical Savings Account (MSA) in the context of the Medicare Advantage plan is designed to help beneficiaries manage their healthcare costs effectively. The MSA functions by allowing individuals to deposit tax-advantaged funds to pay for various healthcare-related expenses. Beneficiaries can use these funds to cover out-of-pocket costs for services that Medicare Part A and Part B cover, which may include hospital visits, doctor appointments, and outpatient care.

This arrangement provides flexibility in how individuals can manage their healthcare expenses, allowing them to pay for necessary services as they arise. By covering out-of-pocket expenses, the MSA supports beneficiaries in managing potentially high healthcare costs, ensuring they have access to the services they need under their Medicare Advantage plan.

The other options do not accurately reflect the purpose of the MSA. Non-covered services, prescription drugs, and long-term care services are typically addressed through separate provisions or insurance products, but the MSA specifically targets out-of-pocket healthcare expenses.