HSA Assistance for Businesses in San Angelo, TX and all of West Texas

A Health Savings Account (HSA) is used to pay for qualified medical expenses. Employees must have an IRS-qualified HDHP, with no additional coverage that would disqualify them, in order to set up an HSA. Funds in this account will help pay for medical expenses that are applied to your deductible/coinsurance or additional expenses such as dental or vision that aren’t covered by your HDHP.

Why is a Health Savings Account a Good Idea?

Getting a Health Savings Account (HSA) is a smart practical and financial move for several reasons. Because you can set aside pre-tax dollars to cover qualified medical expenses, you can significantly reduce your healthcare costs. Contributions to an HSA are tax-deductible, and withdrawals for eligible medical expenses are tax-free. This can allow you to save for unexpected medical bills while improving your tax situation.

You can also take advantage of an HSA for long-term potential. Because HSA funds roll over without expiring, you can build a potentially substantial healthcare nest egg. This provides peace of mind that your medical expenses will be covered without having to worry about unexpected bills. You can keep your HSA if you switch to another job or if you retire, providing further peace of mind. Overall, a Health Savings Account provides a flexible and tax-efficient way to manage your healthcare expenses while also saving for the future.

Contact Us For Health Savings Account Information

Serving San Angelo & all of West Texas, the professionals at Zesch & Pickett Insurance, LLP are here for your insurance needs. We’d be happy to explain the details of a Health Savings Account and it's advantages. Call us today to learn more about how a Health Savings Account can benefit your business.