An option to replace the traditional Medicare plans A and B with an HMO plan that is approved by Medicare.
MedicareA medical plan that is available to those over age 65 and those with specific disabilities via the U.S. government through the Social Security Administration. There are two plans available through Medicare. Part A, provides for inpatient hospital services and post-hospital care. Part B, pays for medically necessary doctors’ services, outpatient hospital services and a number of other medical services and supplies not covered under Medicare Part A.
Medical Savings (Spending) Account (MSA)A savings account that can be used to pay for medical expenses that are not covered by insurance. The employee contributions to the plan are tax-deductible.
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