Code of Federal Regulations Title 42. Public Health § 42.422.314 Special rules for beneficiaries enrolled in MA MSA plans

(1) Must establish an MA MSA with a trustee that meets the requirements of paragraph (b) of this section;  and

(2) If he or she has more than one MA MSA, designate the particular account to which payments under the MA MSA plan are to be made.

(1) Register with CMS;

(2) Certify that it is a licensed bank, insurance company, or other entity qualified, under sections 408(a)(2) or 408(h) of the Internal Revenue Code of 1986, to act as a trustee of individual retirement accounts;

(3) Agree to comply with the MA MSA provisions of section 138 of the Internal Revenue Code of 1986;  and

(4) Provide any other information that CMS may require.

(1) The payment is calculated as follows:

¹ The official CFR appears to have inadvertently omitted the term “area”. See 70 FR 52023.

(2) CMS deposits the full amount to which a beneficiary is entitled under paragraph (c)(1)(ii) of this section for the calendar year, beginning with the month in which MA MSA coverage begins.

(3) If the beneficiary's coverage under the MA MSA plan ends before the end of the calendar year, CMS recovers the amount that corresponds to the remaining months of that year.