Yes, there are new types of consumer-directed Medicare Advantage Plans, usually referred to as Medicare medical savings account plans. Medicare MSA Plans feature a high-deductible health insurance plan combined with a special savings account that you can use to pay for and control your own health care costs, much like the health savings account plans available outside of Medicare. There are two parts to Medicare MSA plans:
- High-deductible health insurance plan: This is a special type of high-deductible Medicare Advantage health plan that begins to cover costs after an annual deductible is met.
- Medical Savings Account (MSA): This is a special tax-advantaged savings account that allows you to use the money to pay for health care expenses until the deductible is met.