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HSAs in Alexandria, MN and Surrounding Areas

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, Timm Agency Insurance 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 Timm Agency Insurance today to learn more about how an HSA can benefit you.

Our Location

Timm Agency Insurance

510 22nd Ave E, # 300
Alexandria, MN 56308
Main office: 320-763-4516
Fax: 320-763-9510

Our Providers

Testimonials

I have been with The Timm Agency for over a decade, most of it while living in Minneapolis. They have always been quick to respond and I have had a number of instances when they've called to say they've found me better rates! Impeccable service and I would highly recommend them to anyone.

David T
Daylon saved me hundreds and gave me better insurance policies. When the time came to make a claim he was timely and he guided me through the process. Switching to The Jeff Timm Agency was one of the best financial decisions I've made in the past few years. -I. Triebold

Issac T.
For years, we had our homeowners policy with a local company and were VERY unhappy with the service we received. So we looked into switching. One year later, I am happy to say that after a claim we recently had to make we are BLOWN AWAY by the care, and service we received from you all! Thank you!!!!

Caryn S.