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Discover how Valley Benefits is pursuing new ideas to lead change in the healthcare industry. 

Contact Info

Why Choose Us?

800 Wisconsin St. Ste. 402, Unit 5
Eau Claire, WI 54703

715-598-4412

"We help companies provide high quality benefits to their employees. Allowing you to hire and retain a high quality work force."

- Nick Bauer, Owner

Serving Wisconsin & Minnesota

Health savings accounts (HSA)

History of Health Savings Accounts

Health Savings Accounts were developed to manage health care expenses without risking your health care coverage. The concept has two parts: (1) qualified High Deductible Health Plan and (2) Health Savings Account.
Take a look at what we have to offer. If an HSA is right for you, Valley Benefits makes applying and managing your Health Insurance & HSA easy.

What is an HSA?

The concept of Health Savings Accounts combines an affordable qualified High Deductible Health Plan (HDHP) and a tax-favored health savings account (HSA). The combination results in savings through lower health care premiums and a reduction in taxable income. The HSA grows tax-deferred, and if you use your HSA funds for eligible medical expenses, you never have to pay taxes on those funds!

HSA Information

Health Savings Accounts combine an affordable qualified High Deductible Health Plan (HDHP) and a tax-favored health savings account (HSA). The combination results in savings through lower health care premiums and a reduction in taxable income.

The HSA grows tax-deferred, and if you use your HSA funds for eligible medical expenses, you never have to pay taxes on those funds! With an HSA, you control your health care decisions!

 

The 2 Parts of an HSA

 

There are limits to how much money you can contribute in your HSA every year. The IRS reviews these limits on a yearly basis and changes them when needed.The maximum contribution is determined by the Maximum Contribution Limits and your calendar year participation.

 

Note: HSA’s and the other laws discussed on this site are highly complex and ever-changing. It is understood and agreed that the information on this site is not intended to be a substitute for legal advice.