Which of the following statements about Medicare Savings Account (MSA) Plans is true?

The correct statement is that individuals in an MSA plan have a deductible of at least $500. Medicare Savings Account (MSA) Plans combine a high-deductible health plan (HDHP) with a medical savings account that beneficiaries can use to pay for their health care costs. The requirement for the deductible to be at least $500 is a distinctive feature of MSA plans, which is important for beneficiaries in managing their costs before coverage begins.

Additionally, this minimum deductible aligns with regulations that govern these types of plans, ensuring that beneficiaries are prepared for potential health care expenses and are informed about their financial responsibilities before Medicare coverage starts. Understanding this aspect of MSA plans is crucial for beneficiaries who might choose this option for their Medicare coverage.