Oak Ridge  |  La Follette ☰ ˟
Logo
Call Us Today Oak Ridge: 865-482-0513 La Follette: 423-562-3346
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
    • Community Involvement
    • Our Providers
  • Products
    • Home & Auto Insurance
    • Auto Insurance
    • Home Insurance
    • Other Personal Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Long Term Care
      • Mortgage Protection
      • Disability Insurance
      • Second-to-Die Policy
      • Key Person (Key Men) Insurance
    • Health Insurance
    • Recreational Vehicle Insurance
    • Additional Insurance Services
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Condo Association Insurance
      • Convenience Store and Gas Station Insurance
      • Craft Brewery Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Funeral Home Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • HVAC Contractors Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Maritime Employers Insurance
      • Media & Advertising Insurance
      • Non Profit Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Technology Services Insurance
      • Tow Trucks Insurance
      • Water Well Drillers Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Trucking Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Cyber Liability Insurance
      • Fidelity Bonds
      • Home Office Insurance
      • Loss Control Insurance
      • Inland Marine Insurance
      • Marine Insurance
      • Professional Liability
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Workers Compensation
    • Coverage for Your EmployeesImage of right arrow
      • Small Business Retirement Plans
      • Group Health Insurance
      • Individual Life Insurance
  • Get A Quote
  • Contact
    • Contact Us
    • Our Locations
Home > HSAs in Oak Ridge TN and Knoxville TN

HSAs in Oak Ridge TN and Knoxville TN

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, Gray Fox Insurance Group 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 Gray Fox Insurance Group today to learn more about how an HSA can benefit you.

Logo

110 South Illinois Avenue
Oak Ridge, TN 37830
Ph: 865-482-0513
Fx: 865-481-2599

Facebook Icon Google Icon
© Copyright. All rights reserved | Powered by Insurance Website Builder