US - Health - Insurance

One kind of “Medicare Advantage plan” (Part C) that is consumer-directed is the Medicare “Medical Savings Account” (MSA). Enrolling in one is voluntary. Medicare MSA plans can only be enrolled in if you live in an “area” where they are available. Medicare MSA plans give you important protection against excessive “medical expenses” and give you liberty over how much you spend on healthcare.

The “Medicare Savings Programs” (MSP) are state-managed federally financed initiatives. These are initiatives designed to assist those with low “incomes and resources” in covering all or part of their Medicare premiums. Additionally, MSP may cover your Medicare “deductibles, coinsurance, and/or copayments” if you qualify.

A federal health insurance scheme/program for those “65 years of age or older” is called Medicare (MC). Medicare (MC) may also be available to individuals “under 65” who have specific disabilities, end-stage renal disease (ESRD), permanent kidney failure, or amyotrophic lateral sclerosis (ALS, commonly referred to as Lou Gehrig's disease).