Managing your Medical Savings Account (MSA): What you need to know

Your Medical Savings Account (MSA) is a vital part of your healthcare benefits. It helps you pay for everyday medical costs like doctor visits and medicine during the year. However, changes in your family or how you use your benefits can affect how your MSA works. Here's what you should know:

1. How family changes affect your MSA

Your MSA is calculated at the start of each year based on how many dependants you have on your membership as of 1 January. If you add or remove dependants during the year, your MSA allocation is adjusted accordingly. This can result in:

• A lower MSA if dependants are removed
• A repayment to the Fund if you've already used your MSA before the change.

Tip: It's important to let the Fund know about any family changes as soon as possible to avoid unexpected adjustments or repayments.

2. When your MSA is depleted

If you use up your MSA before the year ends, you're not left without support. You can still access healthcare through the Primary Care Benefit, which covers essential services within specific limits. However, you'll need to:

• Plan your medical expenses carefully for the rest of the year.
• Understand what services are covered under the Primary Care Benefit to avoid out-of-pocket costs.

For detailed guidance, please refer to page 15 of your Member Guide.

Want to keep an eye on your medical costs and your MSA balance? Download the Discovery App! It gives you quick and easy access to your Fund information-right from your phone.