Sole Proprietor
- Employer monthly group fee
- $250
- Member monthly premium
- $0
- Deposit
- $4,800($2,400 annual + $200/month)
- Annual deductible
- $5,000
- Covered services out-of-pocket
- $200
Business owner / self-employed
The self-employed MSA plan designs.
Review plan options that pair a group fee, a $0 member premium, an annual deposit, and a defined deductible.
Plan design options
Four self-employed designs from low monthly fee to maximum deposit.
Amounts shown are full-year examples from the supplied Fenyx plan information. Deposits and deductibles may be prorated for partial-year enrollments.
Self-Employed Plus
- Employer monthly group fee
- $550
- Member monthly premium
- $0
- Deposit
- $8,400($2,400 annual + $500/month)
- Annual deductible
- $8,400
- Covered services out-of-pocket
- $0
Self-Employed Growth
- Employer monthly group fee
- $850
- Member monthly premium
- $0
- Deposit
- $12,000($2,400 annual + $800/month)
- Annual deductible
- $12,000
- Covered services out-of-pocket
- $0
Self-Employed Max
- Employer monthly group fee
- $1,850
- Member monthly premium
- $0
- Deposit
- $24,000($2,400 annual + $1,800/month)
- Annual deductible
- $16,000
- Deposit in excess of deductible
- $8,000
For illustrative purposes only; not a guarantee of actual performance. Assumptions include: $600 annual group fees; $4,800 annual deposits; medical spend starting at $500 per year and increasing $100 each additional year, and investment return of 10% per year for MSA bank account balances over $2,000.
Potential long-term value
56,103 Reasons To Start Your MSA Now
Time is money with the MSA. Take advantage of your better health now to build a nest egg of funds you can use for future medical expenses.
Healthier members usually spend less of their deposit money.
The less deposit money spent, the more you keep at year-end.
With balances rolling over each year, more years = more money.
Investment options can accelerate balance growth.
Beneficiary eligibility
Business-owner status and Medicare eligibility both matter.
Self-employed plans are filed as employer/group plans and are available to applicants who can self-attest that they or their spouse own a business. Examples may include sole proprietors, partners in a partnership, LLC members, and S-corp shareholders owning more than 2%.
Medicare A and B: Enrollee must be Medicare-eligible and enrolled in Parts A and B.
U.S. residency: Enrollee must reside in the U.S. for 183 or more days during the calendar year.
No deductible overlap: Enrollee cannot have other insurance covering the MSA plan deductible.
Other limits: Enrollee cannot be Medicaid dual eligible or receiving Medicare hospice benefits.
Review fit
Confirm the business structure before presenting the strategy.
Fenyx Health does not provide legal, accounting, or tax advice. Entity-specific eligibility and tax treatment should be reviewed with qualified professional counsel.