1 | Who is Health Matching Account Services?
Health Matching Account Services, Inc. (HMAS®) is based in Houston, Texas and is the exclusive provider of Health Matching Account products consisting of the HMRA® program for employers and the HMA® for individuals and families. Both the HMA® and HMRA® programs are medical savings programs that award increasing, monthly, medical matching to assist both employers and employees in bringing down their first-dollar, out-of-pocket, medical costs. HMAS® is a privately-managed, financial services company who is committed to bringing down the cost of health care in the group and individual markets.
HMAS® has formed partnerships with some of the largest broker agencies across the country to promote its revolutionary, HMA® and HMRA® programs for employers, individuals and families. The directors and founders bring over a century of experience in the life and health services industry. The founders are former owners of one of the largest independent companies in the southwest United States.
2 | Does the HMA® program require participants to purchase a high deductible health insurance plan?
No. The HMA® is not required to be complemented by a high deductible health plan (HDHP). Although the individual or family may choose to have a HDHP, it is not required.
3 | What happens when the HMA® reaches its target medical cap?
Once the HMA® individual or family program reaches its predetermined, target medical cap, the participant is no longer required to make their full, monthly HMA® contribution and only maintenance fees are required until another medical service is performed that uses the HMA® as payment.
4 | What if HMA® owners want to change their contribution amount or paid-up target medical cap?
HMA® contribution levels are designed to be flexible in order to accommodate anyone seeking to build their own medical savings program and significantly reduce their health care expense obligations by pre-funding their out-of-pocket, health care costs through the HMA® product. Health Matching Account Services offers a variety of different levels of HMA® contribution levels with corresponding medical target caps ranging from $5,000 all the way up to $60,000 per participant or family.
The HMA® program provides participants with the ability to adjust both their monthly contribution amounts and target caps in order to scale up their HMA® matching as they see fit. This means that If the HMA® participant wishes to increase their monthly contribution level and its corresponding, target medical cap, they will be permitted to do so one time per month.
5 | If the Employer is contributing to an employee’s HMA® program, is the HMA® owned by the employee?
Yes, and the HMA® would be portable in this situation as well as if the individual employee was sponsoring it on their own.
6 | How do I access my HMA® matching to pay for medical expenses?
Each HMA® owner, whether it be a family or individual, will always be provided with their own personalized HMA® Member ID Card. You can access your HMA® program matching to pay for your qualifying medical needs by using your HMA® Member ID Card with your health care providers. Health Matching Account Services (HMAS®) will work with your pharmacy and medical providers to verify both the eligibility of the service and that you have a sufficient amount of medical matching available in your HMA® program to pay for this medical expense. No further action will need to be taken by the HMA® participant at their providers. HMAS® also offers various reimbursement portals for your copays, platinum level membership discount services and for your providers who do not initially work directly with HMAS® to help you pay for your medical expenses. HMA® participants can check their current available HMA® medical balance anytime by logging into their HMA® member portals or mobile app.
7 | What medical expenses can be paid for with my HMA®?
The HMA® pays for most 213(d) medical expenses as stated in the HMA® Member Contract. These expenses include pharmacy and drug store purchases as well as doctor and hospital visits, dental, vision and chiropractic (subject to limitations) among others. Click here to view the HMA® List of Services.
8 | What medical services are not eligible to be paid for with the HMA®?
- Drugs, Alcohol Or Any Rehabilitation Facilities
- Over The Counter Medicine Including Non-Rx Prescriptions
- Non-prescription Purchases At Pharmacies
- Payments To Medical Collection Agencies And Any Provider Asking For Payments Past 30 Days Of The Date Of Service Or 90 Days For A Hospital Service
- Health Care Financial Consultants
- Massage Therapy
- Acupuncture
- Naturopathic Medicine
- Supplements
- Elective Procedures Not Performed By An MD
- Annual Memberships For Dental Expenses Or Primary Care
- Annual, Semi-annual Or Quarterly Membership Fee Payments For Direct Primary Care Or Concierge Medical Services
- Cosmetic Or Other Elective Procedures Not Performed By Medical Doctors (MD), Doctor Of Osteopathy (DO), Doctors Of Psychology, Dentist (DDS Or DMD), Optometrists (OD), Podiatrists (DPM)
- The HMA® Will Not Cover And Reimburse Any Payment Plans Set Up For Any Outstanding Past, Present Or Future MD, Dental Or Hospital Bills
HMAS® is not health insurance.