Updated 09 February 2016

What is an MSA?

Many medical schemes have what is called a medical savings account or MSA. It's usually a percentage of your monthly contribution, which is used to pay day-to-day medical expenses.


Many schemes have what they call a medical savings account or MSA. This is usually a percentage of your monthly contribution (to a maximum of 25%) , which is made available for payment of day-to-day medical expenses. Certain sub-limits still apply. If your MSA becomes exhausted, you will be liable for day-to-day medical expenses.

Chronic medication and hospitalisation costs are not paid out of your MSA. Money that is not used, is usually carried over to the next year. Should you resign from the scheme, any money left over in the MSA will be paid out to you.

Susan Erasmus is a freelance writer for Health24.


Read Health24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Live healthier

Don't even bother »

SEE: When you cough, this is what happens to your body LISTEN: Can you spot the smoker’s cough?

7 cough remedies that definitely don’t work

A chronic cough can be the bane of your life. Here are seven cough remedies you shouldn't waste your time with.

Be in the know! »

How to manage sensitive teeth 5 ways runners mess up their teeth

Oral health basics: what you need to know

Dr Simon Reeves talks us through the importance of oral health basics. Here’s how to care for your teeth properly.