Get Covered Insurance Exchange helps Skokie individuals, families and business owners set up a Health Savings Account (HSA) with an HSA-eligible health plan. Call (814) 883-0073 to learn how it works.
Skokie families on high-deductible plans can use an HSA to put tax-advantaged money aside for medical bills, and the balance rolls over every year.
Contributions to an HSA can be tax-deductible, the balance can grow tax-free, and withdrawals for qualified medical expenses are tax-free. The money rolls over every year. For your own tax questions, check with a tax professional.
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Serving Skokie and Cook County
Straight answers
What do I need to open an HSA?
You need to be covered by an HSA-eligible high-deductible health plan. We can help you find one and set up the account.
Does HSA money expire?
No. It rolls over from year to year and stays with you if you change jobs or plans.
Can a small business offer HSAs?
Yes. Employers can pair an HSA-eligible group plan with HSAs and can contribute to employees' accounts. We help you set it up.
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