a DIFFERENT WAY TO USE YOUR
mEDICARE bENEFITS
Experience the financial freedom and flexibility of a Medicare Medical Savings Account. Discover a plan that puts you in control of your healthcare dollars.
Plan availability varies plan sponsor. Enrollment subject to eligibility.
KEY ADVANTAGES
Why Consider a Fenyx
Medicare MSA?
$0 MONTHLY PREMIUM
Enjoy comprehensive Medicare coverage with a $0 monthly premium to keep your recurring costs low.
PLAN-FUNDED ACCOUNT
The plan deposits money directly into a plan-funded account every year to help pay for qualified medical expenses.
BROAD PROVIDER ACCESS
See any Medicare-approved doctor or hospital across the country with our broad provider access.
NO REFERRALS REQUIRED
See specialists directly when you need them, because there are absolutely no referrals required by the plan.
OUT-OF-POCKET MAX
Protect your retirement savings with a guaranteed yearly out-of-pocket maximum to cap your expenses.
KEEP UNUSED FUNDS
Any money left at year's end will roll over and remain in your account for future health needs.
MORE THAN A
RETIREE BENEFIT
Active Employees
Continue working while securing your healthcare future with comprehensive MSA benefits designed for the employed.
Retirees
Eligible Retirees may qualify for a Group Medicare MSA through a participating employer or employment-related group.
Spouses
Eligible spouses can easily secure independent MSA accounts for tailored healthcare coverage.
Business Owners
Leverage tax-advantaged healthcare strategies for yourself while managing business costs efficiently.
GENERAL REQUIREMENTS
To qualify for a Medicare Medical Savings Account, you must satisfy the following criteria:
Enrolled in Medicare Parts A & B
Eligible for the sponsoring group’s employment-based health coverage
Not have other insurance that covers the MSA plan deductible
Not currently be eligible for Medicaid or be dual eligible
Not currently be receiving Medicare hospice benefits
A Few Important
Things to Know
Freedom of Providers
You aren't restricted to a network. You can use your MSA funds to see any doctor or specialist in the country, as long as they accept Medicare.
No Included Part D
Medicare MSA plans do not cover Part D prescription drugs. You will need to enroll in a separate, standalone Part D plan if you require prescription coverage.
Plan Variability
Availability, annual deposit amounts, and deductible sizes vary depending on the plan being sponsered by your employer or qualified association.
Important Note: While Medicare MSA plans offer incredible flexibility, they require active management of your healthcare funds and are not the right fit for everyone.
See If a Fenyx Medicare MSA
May Be Right for You
Casey Major
Casey Major is a benefits advisor with The Bullock Agency, helping businesses and individuals understand and compare employer health plans, Medicare options, and supplemental benefits. He focuses on making complex coverage easier to understand while helping clients find benefit strategies that fit their needs and budget.
Request MSA Infomation
By submitting, you agree to be contacted by The Bullock Agency regarding your Medicare options.
CLARITY BEFORE YOU COMMIT
Common Questions
We believe in complete transparency. Here are clear, concise answers to the most important compliance and operational questions regarding your MSA plan. No hidden clauses, just straightforward facts.
Is Fenyx Health an HMO?
No. The Fenyx Health MSA is not an HMO. You have the freedom to see any Medicare-approved provider across the country without needing a referral.
Can I keep my unused funds?
Yes. Any unused funds in your MSA account at the end of the year roll over to the next year and remain yours, continuously growing tax-free.
Does this plan include Part D coverage?
No. Medicare MSA plans do not include Part D prescription drug coverage. You will need to enroll in a separate, standalone Part D plan.
When can I enroll in an MSA plan?
Because Fenyx is offered as a Group Medicare Advantage MSA, eligible beneficiaries can generally enroll throughout the year and do not have to wait for Medicare’s Annual Enrollment Period. A qualifying employer or group can begin offering the plan at any time, and eligible members may enroll during the year once the group offering is established. Coverage typically begins the first day of the following month
Are there network restrictions?
No. With a Medicare MSA plan, there are no network restrictions. You can visit any doctor, specialist, or hospital that accepts Medicare.
What happens if I reach the plan deductible?
Once you reach your plan's deductible, the Medicare Advantage plan steps in to cover 100% of your Medicare-covered services for the remainder of the calendar year.
Are MSA deposits taxable?
No. The deposit made by Medicare into your MSA account is tax-free, and any interest earned is also tax-free as long as it is used for qualified medical expenses.
Supporting Wyoming Chambers of Commerce, businesses, individuals, and families with better access to employer health plans, individual health coverage, virtual care, and Medicare benefit options. WyoHealthPlans.com is provided by The Bullock Agency and Simplified Benefits.
ADMINISTRATION
The Bullock Agency and Simplified Benefits are independent insurance agencies. Plan availability, eligibility, benefits, rates, provider access, and terms vary by plan and are subject to applicable plan documents and requirements. Employer health plans may be administered by Planstin, with certain benefits and services provided by third-party partners including Recuro Health and Fenyx Health. Individual, private, and Medicare plan options may be offered through additional insurance carriers and healthcare partners.
