Seniors: How To Get Dental Insurance At Not Cost

Using An HSA For Dental Insurance For Seniors

It is important to note that once you become eligible for Medicare, you can no longer add to an HSA. However, you can use an existing HSA to pay your Medicare premiums or cover expensive medical procedures that don't fall under your current coverage. There are exceptions and loopholes based on your employment status, whether you have already enrolled, and if your spouse is still working. You can find more of that information here.

You can convert to an MSA account for Part C coverage. This account offers similar benefits to an HSA with a few more limitations. For example, you cannot use MSA funds for Part D coverage. Your MSA will cover anything your Part C Medicare Advantage plan covers, including dental. Still, it is important to read the fine print and clarify the use of your HSA or MSA when looking at dental plans for seniors.

Final Thoughts

Start looking at your Medicare options well in advance of the enrolment period. It takes time to do thorough research and get your questions answered. However, that time will save you stress and money down the road.