About Florida Medical Savings Account (MSA) Plans
Many of us know that Florida has been a magnet for America’s retired population for a few generations already.
Understandably, long term care insurance in Florida would be a sub specialty of a reputable insurance agent who is in the business for over 45 years.
There are approximately 10-15 Florida long term care insurance companies out there. Of those, there may be 3-5 that are super competitive and do most of the business.
But we are talking about your specific situation.
It does not help us to know that there are five competitive Florida long term care companies in the market.
At age 65, the money is yours to take out and you simply pay income tax on the interest earned (just like an IRA) But unlike an IRA, the money in your MSA plan is available immediately for certain medical expenses. The federal government defines medical expenses on this link.
Florida Medical Savings Account (MSA) plan bonuses
- Medical insurance premiums will be lower
- Pretax money for medical expenses
- Long-term-care insurance with pretax money
- Complete freedom of choice when using the MSA money
- The savings in the MSA account is your money
Self employed individuals should strongly consider the MSA. The Medical Savings Account is not sold by all medical insurance agents.
Contact me for a MSA quote. It will take less than 60 minutes.
If you have any questions about Health Insurance please feel free to call.
Serving: Miami, Jacksonville, Orlando, Tampa, Tallahassee, Pensacola, Boca Raton, Palm Beach, South, North & Central Florida for affordable Health Insurance.
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