Onyx is the complete package you need to self-administer your MSA.
Manage payments easily with the Onyx debit card. Safeguard your future Medicare benefits and preserve your MSA.
You’re ready to establish a Medicare Set-Aside (MSA) account, the portion of your settlement ‘set-aside’ in a special account to pay only for the future medical treatments, services, and prescriptions directly related to the injury.
But you’re the hands-on type, and not ready to choose the full-service professional administration of your MSA provided by Opal.
No worries. That’s why we offer Onyx.
Why do you need Onyx?
The Centers for Medicare and Medicaid Services (CMS) requires you to submit the proper reports of all MSA expenditures each year, and stay in full compliance with all of its complex rules and regulations.
If you don’t manage your MSA account properly, pay more than the approved amount for a service or treatment, or pay for non-allowable expenses from the account, you can face serious repercussions. You could be forced to pay back improperly spent funds and overages, or even pay significant penalties. What’s more, you could jeopardize your future Medicare benefits.
Onyx provides you with all the instructions, forms, and resources (including telephone support) that you need to stay in full compliance with Medicare’s requirements, to help safeguard your Medicare coverage for your injury once the funds are gone.
Your MSA funds must be deposited into an interest bearing account. You must allow the interest earned in your MSA account to accrue in your account and it cannot be withdrawn. You may be taxed on the annual interest earned on the MSA funds. If you pay tax on the interest you can be reimbursed from the MSA funds for the taxes paid.
You can do it all with Onyx.
With Onyx, you’ll receive a detailed resource manual containing necessary resources, forms, and instructions for how to:
- Establish your MSA account in accordance with Medicare requirements
- Determine which items and services are typically covered by Medicare
- Communicate with providers about services payable from your MSA
- Identify Medicare-approved maximum rates for services
- Successfully negotiate to lower bills below those rates
- Submit annual accounting/attestation forms to Medicare
- Request coverage from Medicare, Medicaid, or your other private group insurances when your MSA funds are temporarily or permanently depleted
Onyx also provides you with numerous other valuable benefits, including:
- Ability to use your choice of any willing provider
- Unlimited telephone and online live support
- Unlimited medical bill reviews, including identification of services payable by your MSA and the Medicare-approved rates
- Written notice of all Medicare updates in plain, simple language
All of the above services are available in English or Spanish.
Onyx provides everything you need, plus unlimited telephone and online support.
The Onyx debit card is your key.
The most important requirements of an MSA are that you pay only for Medicare-allowable expenses, and that you are able to provide documentation to validate every expenditure to Medicare.
The Onyx debit card makes this almost too easy.
Not only is access to your MSA money available at your fingertips 24/7, so is online payment tracking and accounting. Which means retaining detailed receipts and submitting the required reports to Medicare each year couldn’t be easier.
(That is, unless you have a team of professional specialists do it for you.)
You might think that the biggest financial benefits we offer would be reserved for our Opal customers. But Onyx delivers these savings as well. How? Bridge Pointe leverages their partners to provide significant saving to our customers. Our partners utilize their nationwide network to negotiate lower prescriptions costs and provide deeper discounts on prescriptions, durable medical equipment, and supplies. Want to see what is covered, click here.
Preserve your MSA
Bridge Pointe’s partners provide significant discounts at your local pharmacy or through mail order which includes additional discounts and savings on medical equipment and supplies. It’s easy, just present your Onyx card.
Apply now to start saving,
click here to apply for your
free Onyx Card.
Small one-time fee provides unlimited guidance and telephone and online support — for life.
Very Important Reporting Tools
Get everything you need to self-administer your Medicare Set-Aside (MSA) account — including important notifications of any changes to requirements, and annual reminders to submit reports.