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HSAs

It’s All About Options.

Whether you’re looking for individual coverage or trying to decide which type of plan to choose for your employees, Insurance Services of Washington can help you find a Health Insurance solution that meets the needs of everyone.

Health Savings Accounts (HSAs) are a newer alternative to Health Insurance and are meant for those who are insured under high-deductible Health Insurance plans. These plans allow individuals to set aside money to into a savings account that they can use overtime for medical expenses that are not covered under their high-deducible plan. With a standard HSA, you can do the following.
  1. Put money into your HSA (tax free)
  2. Watch your money grow (tax free)
  3. Take out money if needed for qualified medical expenses, including dental and vision (also tax free)

Advantages of HSAs

With a Health Savings Account, you get to control the amount of money that you wish to set aside for medical expenses. All deposits, growth, and withdrawals are all tax-free for your convenience, and most important, your money rolls over each year. Unlike flexible spending accounts, you don’t lose money when your policy renews. Whatever you put into your HSA keeps growing, tax-free.

Although there are limits to the amount of money in which you can deposit into your Health Savings Account each year, as well as qualifications, it’s a great way to help you have a lower premium, supply you with medical coverage if necessary, and help you save for your future medical needs.

Contact an Insurance Services of Washington specialist today to learn more about how an HSA can benefit you.

Our Location

Insurance Services of Washington - Redmond

8195 166th Ave NE, Ste 201
Redmond, WA 98052
Main office: 425-868-1123

Our Providers

"I can't say enough good things about Mike and his agency. Not only have they provided us with outstanding service but saved us a significant amount in premiums too! I would recommend them to any family or business."
Ann Wilsbach, Owner Casa Bonita Home Maintenance
"We have used Insurance Services of Washington for the last 15 years, and appreciate the professionalism, convenience, and skill that they bring to the table. Anytime we have a question about our insurance policy, or even are simply curious about the insurance industry, it seems they have the inside scoop on what's happening and what we can expect here in Washington state. While many folks shop around and trade out insurance companies as easily as changing hats, we think it would be a great loss for us to leave the Haller family business. Thank you to Margarita, Rebecca, and especially Mike. From one family business to another, great job!"
Cathy S Grefsrud
"We use this company for our corporate insurance as well as I use it personally. I have referred a number of clients to them (Boyfriend, Sister, Friend, etc) as they are first class. They have excellent rates, are locally/family owned, are quick to respond, and provide friendly first class service. If you are looking to switch or at least explore what they have to offer, I highly recommend contacting them. I speak with Mike however Rebecca has also been extremely helpful."
Kourtney Harris