Medical Benefit Savings Account (MBSA)

A Patented Program to Achieve Medical Funding Goals!

In the future we will wonder
how we ever got by without one.

There are many and sometimes difficult to understand additional, out-of-pocket costs associated with health insurance aside from monthly premiums. Including deductibles,
co-insurance, co-pays, and possibly annual out-of-pocket maximums associated with one's plan.  

The MBSA, the ultimate medical benefit savings account is the best medical spending account option available. It lowers all out-of-pocket medical expenses because of its significant, account crediting guarantees and features that will credit a person's account up to 
$2 or more for every $1 contributed to the account.

Ready To Choose A Plan

Where's the Growth with the HSA?
Tax Deductions Only Go So Far!
The HSA Annual Interest Crediting Is Inferior
To The Growth On MSBA Contributions
  • The average HSA balance is approximately $1,800
  • For HSA owners over age 55, the average, annual, HSA distribution for those owners who use it to pay for medical claims is approximately $2,300
  • If the average HSA balance is $1,800 yet the average distribution is $2,300, how is the HSA providing sufficient enough growth to help owners to reduce their out-of-pocket, medical expenses?
  • Tax Deductions Only Go So Far: When the primary objective to build an HSA is to pay for medical expenses, maintenance fees can significantly eat into or eliminate any annual interest earned with an HSA. While the MBSA provides an average of $2 in medical benefits for every $1 contributed. Making it far superior to the health savings account for medical expenses. 
Medical Benefit Savings Account  HMA

Ready To Choose A Plan

HSA Alternative

A Plan For The Whole Family

Whether it's for an individual, in preparation for a child needing a future procedure, used by an adult for alternative care not covered by insurance, or senior citizens filling the holes of Medicare.

Medical Spending Account HMA

Dream Plan For Wellness Goals

Frustrated that you pay for insurance and wish it covered alternative healthcare options?  This medical spending account is the solution.

Medical Benefit Savings Account HMA

Retirees and Small Businesses Too! 

Seniors can say "Sayonara" to Medicare Supplement Costs - the MBSA is more affordable and pays for more therapies.  Small businesses can access to empower entrepreneurs to support their workers with a fast-growing medical benefit savings account that's portable and flexible.  

Health Matching Account

Simple Easy Sign Up

No requirements or testing for approval.  For young and old a like.  Pick the target medical benefit savings account amount, and pay the monthly contribution to start building the health matching account for medical expenses.

MBSA HMA Plan Options
  • Total contribution amounts assume that no prior medical expenses have been paid from MBSA account.
  • Monthly contribution amount varies by plan and number of family members
  • The MBSA 2500 and MBSA 5000 have no additional charges, starting at the MBSA 7500 additional charges are $5/month for first dependent or $10/month for two or more dependents on the plan
  • Your monthly payment amount and corresponding cap balance can be changed on a monthly basis
Achieve Maximum Performance in 35 Months
MBSA HMA Account Growth

Ready To Choose A Plan

After 1 Year The Medical Benefit Savings Account
Is Greater Than Participant Contribution

The MBSA is a voluntary, medical spending account owned by the participating employee or family. The MBSA is a non-qualified account funded by the participant with post-tax dollars. The MBSA pre-funds an individual’s (or family’s) out-of-pocket, medical costs into a health matching account that is awarded a monthly, medical benefit crediting on their contribution, which grows each month.

The benefits that build in each MBSA balance are designed to pay for an individual or family out-of-pocket medical costs including co-pays and deductibles in order for participants to save money and complement high deductible, major-medical plans, or catastrophic medical sharing plans. The participant’s MBSA balance increases each and every month as the account crediting continues to build.

This sample illustration demonstrates how an individual or family’s MBSA balance would grow over a three-year period. The rapid growth of the MBSA account balance easily exceeds that of an HSA (Health Savings Account) or any other medical savings account. Over this three-year horizon, the crediting awarded to the participant’s monthly contribution is so strong that $4,900 of contribution can create a $10,000 MBSA balance​ in this example the person or family to use for their medical costs (assuming no prior medical claims). Once participants reach their target, account balance caps, which in this case is $10,000, they are no longer responsible for making a full, monthly MBSA account balance contribution (and only maintenance fees are required) until they choose to use their Medical Benefits Savings Account once again to pay for a medical expense.

By choosing a MBSA, individuals and families now have the opportunity to fund a superior medical savings account that will permit them to increase their health insurance deductibles and lower their out-of-pocket premiums and medical expenses. In addition, MBSA accounts can also be used to pay for elective procedures such as plastic surgery, lasik and fertility that are not traditionally covered by health insurance as well as long-term care and home health expenses. This health matching account creates additional health care savings for individuals and families by covering a larger portion of their out-of-pocket, medical expenses by more than any other medical savings account available.

 The HMA Medical Benefits Visa® Prepaid Card is issued by The Bancorp Bank pursuant to a license from the Visa® U.S.A Inc. The Bancorp Bank; Member FDIC. Card may not be used everywhere Visa® debit cards are accepted. See Cardholder Agreement for list of eligible goods, services and merchants.

Why You Need The MBSA To Maximize Your Health Insurance

Comparing Your Out-Of-Pocket Medical Expenses With And Without The MBSA

Let’s analyze all of the additional, out-of-pocket costs (not including premiums) associated with a sample, high deductible health plan and the potential savings that putting a MBSA in place can provide. After the deductible is reached, the insured is still on the hook for paying 40% of all medical expenses up to the out-of-pocket maximum ($6,500 for individuals).

The chart to the right demonstrates how much potential savings can be secured for an individual opting for the MBSA 7500 plan by taking advantage of the unparalleled MBSA account crediting. For monthly contributions of $113.50 the MBSA 7500 account balance will grow to $7,500 over 35 months and only cost $3,972.

Medical Spending Account

Sample MBSA High Deductible Health Insurance Plan Assumptions:

  • $113.50 MBSA 7500 monthly contribution
  • $6,500 Medical Claim Cost occurs following 35 months of MBSA 7500 contributions
    (no prior medical costs paid for)
  • Sample MBSA 7500 monthly maintenance fees included
  • Health Insurance Deductible: $6,000 Major Medical/ $500 Rx
  • Health Insurance Out-Of-Pocket Max: $6,500 (Individual)
  • Health Insurance Cost-Sharing Split: 60/40 After Deductible is Met

**Illustration scenario assumes no claims filed until MBSA account balance reaches its target cap. No prior claims were made from the account. Sample maintenance fees included.

The HMA Medical Benefits Visa® Prepaid Card is issued by The Bancorp Bank pursuant to a license from the Visa® U.S.A Inc. The Bancorp Bank; Member FDIC. Card may not be used everywhere Visa® debit cards are accepted. See Cardholder Agreement for list of eligible goods, services and merchants.

Ready To Choose A Plan

What Medical Services Can Be Paid For
With The Medical Benefit Savings Account?

The Medical Benefit Savings Account (MBSA) is a non-qualified account that pays for first-dollar medical expenses, much like an HSA, and offering far superior incentives. You can use your MBSA medical spending account at the point of service by swiping your HMA Medical Benefits Visa® Prepaid Card to pay for your out-of-pocket medical expenses.

Your MBSA medical spending account can be also used to secure valuable, pharmacy drug discounts through a Rx Program, which will be embedded in your account. This proprietary program not only delivers significant savings to MBSA cardholders, it also offers some of the lowest wholesale drug prices in the industry on prescription drugs, diabetic care services and daily living medical products on top of the savings that the MBSA already provides. The NPHM™ Rx Program has no eligibility restrictions and may be used in pharmacies nationwide.

In order to coordinate your primary health insurance plan benefits with your MBSA pharmacy discounts, be sure to have your pharmacy swipe your primary health insurance card first before processing your WellDyne BIN Sponsor Number located on the back of your  HMA Medical Benefits Visa® Prepaid Card. By doing this, you will be able to choose which pharmacy option is preferable for you between what your primary health plan offers compared to the NPHM™ Rx Program.

If you do not have a prescription drug discount plan, the price you can secure for prescription drugs through your MBSA with the WellDyne BIN Sponsor Number will be significantly better. If you do already have a prescription drug program that comes included with your health insurance or medical cost sharing plan, be sure to compare your pricing options. Any purchases at grocery store pharmacies can be covered on a mail-in reimbursement basis by completing the Reimbursement Claim Form located in the Resources section of your member medical spending account portal and submitting an original, itemized receipt within 30 days of the procedure.

The HMA Medical Benefits Visa® Prepaid Card can be used and swiped at the point of sale to pay for the following medical services up to the HMA owner’s medical benefit savings account balance at the time of their claims.  In addition, MBSA medical spending accounts are also eligible to be used to pay for elective procedures such as plastic surgery, lasik and fertility as well as home health and long-term care expenses among others. These medical expenses will be covered on a mail-in reimbursement basis when you submit an original, itemized receipt within 30 days of the procedure.  

These medical services listed below can be paid for by swiping your HMA Medical Benefits Visa® Prepaid Card at the point-of-service and cover a vast majority of qualifying, 213 (d) medical expenses:

Sample List Of Covered Medical Expenses: 

  • Ambulance Services
  • Laboratory/Medical/Dental/Ophthalmic Hospital Equipment And Supplies
  • Doctors not elsewhere classified
  • Dentists, Orthodontists
  • Osteopathic Physicians
  • Chiropractors
  • Optometrists, Ophthalmologists
  • Opticians, Optical Goods, and Eyeglasses
  • Chiropodists, Podiatrists
  • Nursing and Personal Care Facilities
  • Hospitals
  • Medical and Dental Laboratories
  • Medical Services and Health Practitioners not elsewhere classified
  • Drug Stores, Pharmacies (no sundries/mail-in reimbursement only on grocery store pharmacy purchases)
  • Hearing Aid – Sales, Service, Supply Stores
  • Orthopedic Goods – Prosthetic Devices
  • Optical Goods and Eyeglasses
  • Counseling Service – Debt, Marriage, Personal

The HMA Medical Benefits Visa® Prepaid Card is issued by The Bancorp Bank pursuant to a license from the Visa® U.S.A Inc. The Bancorp Bank; Member FDIC. Card may not be used everywhere Visa® debit cards are accepted. See Cardholder Agreement for list of eligible goods, services and merchants.

Ready To Choose A Plan

MBSA Frequently Asked Questions
Do I need to purchase a qualified health plan to participate?
Is my MBSA contribution tax-deductible.
Do my spouse and I need to have separate accounts?
What is the minimum age for creating an account?
Is there a maximum age?
May a parent enroll a child without the parent on the account?
May an adult child purchase an account for a parent?
Must a member have an email to join?
Does it cost more to have my spouse and/or children on my account?
How do I use my benefits? 
How do I find a list of allowed expenses?
Can I purchase vitamins and other supplements with my account? 
Can I use my account to pay for integrative or alternative treatments such as hormone replacement therapy or stem cell therapy?
Is massage an allowable expense?
Are any other expenses allowable?
Can I call VISA to check my balance?
What if the card doesn’t work?
How long does it take to be reimbursed?
Can I use my pre-paid VISA card outside of the US?
Can I get reimbursed for expenses incurred outside of the US? 
How does the MDLive telemedicine work?
How does the prescription discount program work?
How do I know what amount of credit I have earned?
Does the crediting change from month to month?
Is the crediting constant on the individual MBSA program even if they add their spouse and some kids?
Can I leave my account to my spouse or children? 
Am I able to move up to a larger plan or down to a smaller plan?
Does MBSA share my personal data with outside vendors?
If I purchase this through my employer, am I able to take it with me if I leave the company?
What happens if I decide I no longer want my plan and want to cancel?

Ready To Choose A Plan