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need advice setting up a Medical Savings Account
Thread poster: Susana Galilea
Susana Galilea  Identity Verified
United States
Local time: 08:39
English to Spanish
+ ...
Mar 17, 2003

Hello all,



I am relocating from New York City to Chicago in the Spring, and am in the market for a new health insurance carrier. I have been reading up on MSA\'s and would be very much interested in getting one established. From what I understand, the method that works best is to have an MSA in combination with a major medical policy to cover emergencies.



My question is to those who may have gone through the process of opening an MSA. I would appreciate any advice on reputable companies, as well as any feedback on whether or not this is a good option. MSA\'s are not available in the state of New York, which is the reason I have never had a chance to pursue this topic.



Also, does anyone have any feedback on the products offered by Care Entree/SmartCare Insurance?



Thanks much,



Susana


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Nina Engberg  Identity Verified
United States
Local time: 07:39
English to Swedish
+ ...
Got Care Entree -- looking for MSA. Mar 17, 2003

Susana,



My husband and I are also thinking of an MSA, so I am eager to read any replys to your post!



As far as Care Entree goes, we have had a card for almost a year now. We haven\'t had to use it for anything but dental care yet, but it sure is a moneysaver. My husband\'s dental bill last time was for almost $400 and he only paid abt $200.

Also if you\'re a C-corporation, like we are, you can have the company pay for any medical costs (drugs, co-pays, premiums etc.).

I would recommend the card (only $70 per month for the whole family, and there\'s 6 of us).



Hope your weekend was good. We had plenty of sunshine here in the Rockies.



Nina


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Laura Blijleven  Identity Verified
United States
Local time: 06:39
English to Dutch
Google has a whole page of them Mar 23, 2003

http://directory.google.com/Top/Business/Financial_Services/Insurance/Agents_and_Marketers/Health/Medical_Savings_Accounts/



I\'m quite happy with mine - $3400 deductible for 2 people (in California). Once you\'ve paid into the MSA for a couple of years and know you have the money to pay for medical costs you can breathe a little easier, because the high deductible is a bit scarey. I almost met my deductible last year after a mountain bike fall, and sure was glad I had $5000 in there. Now it\'s reduced to $2200, but at least Uncle Sam ended up paying about a third of all those outrageous bills (as the MSA is tax-free).


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