Give us a call
760.325.2526

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, Weingarten and Hough - Insurance Agents and Brokers 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 into a savings account that they can use over time for medical expenses that are not covered under their high-deductible 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 to 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 specialist at Weingarten and Hough - Insurance Agents and Brokers today to learn more about how an HSA can benefit you.

Our Location

Weingarten and Hough

1555 S. Palm Canyon Drive, STE D-101-102
Palm Springs, CA 92264
Main office: 760-325-2526

Our Providers

Testimonials

They were able to review my house insurance and car insurance and end up saving me hundreds of dollars. I know it sounds like a commercial on TV but in this case it was true!
Richard G.
Our realtor recommended Weingarten & Hough; they are a local business providing wonderful service.They guided me through the Medicare maze to the best insurance for my needs. We love visiting and speaking with the agents as well as their personalized service!
Don & Susan F.