Call Us Today:
208.523.7100

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, The Falls Insurance Center, Inc. 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 The Falls Insurance Center, Inc. today to learn more about how an HSA can benefit you.

Our Location

The Falls Insurance Center, Inc.

885 S. Holmes Ave
Idaho Falls, ID 83401
Main office: 208-523-7100
Fax: 208-529-0168

Our Providers

Testimonials

We have had a policy on our home, vehicles and our Recreational vehicles for almost 40 years with Falls Insurance. Our contact there, Christine, goes above and beyond for us. We have so appreciated the service we have been given, so when it was time to get our Medicare insurance, we contacted Falls Insurance. They were great. We met with Josh who explained all of the insurance benefits and even had costs for my meds. When I had a question he would immediately answer me with a phone call or email. I know most of the agents there and their service is excellent.
Jean A.
I first called Josh when I lived out of state and was contemplating moving to the Idaho Falls. He took the time to make us feel we would be welcomed to the area. We did indeed buy a home and he was even kind enough to check on the house while I was still 2500 miles away. He has helped us with all of our insurance needs and helped us navigate the Obamacare maze . He has saved us thousands of dollars per year with his knowledge and expertise of the insurance industry.
Nick P.