A Smarter Medicare Strategy Starts with Fenyx Health
Understand the Medicare MSA Advantage
Gem State Benefits Advisors helps individuals, business owners, employers, unions, chambers, and associations understand how the Fenyx Medicare Advantage Medical Savings Account works—and whether it fits their needs.
Freedom to Choose Providers
Members may see Medicare-participating providers nationwide who are willing to bill the plan, without traditional network referrals.
Annual Plan-Funded Deposit
The plan places an annual deposit into the member’s MSA. Eligible funds may be used for qualified healthcare expenses, saved for future needs, or invested.
Protection After the Deductible
Medicare-covered expenses count toward the annual deductible. After it is met, the plan pays covered medical expenses for the remainder of the year.
How a Fenyx Medicare MSA Works
A Medicare MSA combines a high-deductible Medicare Advantage plan with a plan-funded savings account that gives members more control over their healthcare dollars.
1. Enroll in the MSA Plan
An eligible Medicare beneficiary enrolls in the Fenyx Medicare Advantage MSA plan and selects separate Part D prescription coverage when appropriate.
2. Receive and Use the Deposit
The annual deposit is placed in the member’s MSA. Members can use available funds for qualified medical expenses while tracking costs toward the deductible.
3. Keep Control of Unused Funds
Eligible unused funds remain with the member for future qualified healthcare needs. Plan availability, deposits, deductibles, and eligibility vary and should be reviewed with a licensed agent.
Who We Help
Individuals turning 65 or already on Medicare can explore whether an MSA offers the provider freedom, financial control, and protection they want.
Business owners and employers can evaluate individual and group MSA strategies for Medicare-eligible owners, employees, retirees, spouses, and dependents.
Unions, chambers, and associations can explore member education, voluntary benefit options, and partnership opportunities through their dedicated pages.
