Give us a call

West Knoxville Office 865.694.9788
North Knoxville Office 865.246.2958

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

Our Locations

Knoxville Office

220 S Peters Rd. #103
Knoxville, TN 37923
Main office: 865-268-8370
Fax: 865-769-3701

North Knoxville Office

4911 Jacksboro Pike
Knoxville, TN 37918
Main office: 865-246-2958
Fax: 865-246-2957

Our Providers

Testimonials

Knoxville Insurance Group has taken care of our policies for several years now. Their personal, caring, and thorough service far exceeds any other company we've used in the past! I highly recommend this group for your insurance needs.

Teri R.
Teri does an amazing job with us! She shops around until she finds us the most affordable policies for home and auto! We have been with her for 4 years now and she has helped us numerous times! We love her and cannot thank her enough for working with the insurance companies on our behalf!

Meagan S.
Greg and the whole team at KIG are super helpful and knowledgeable. I have used them for my insurance needs for years.

Carlye W.
I have been working with Greg and his staff in securing renters insurance for our renters and he has always been responsive and has taken care of every one in a timely manner. I highly recommend him!!

Regina E.
Greg and staff are attentive to the details and work diligently to offer the most competitive rates.

Joel P.
Greg and the Knoxville Insurance Group has been my family's agent for over 30 years. The products and level of service on our home and auto coverage has always been outstanding. KIG is the best in town!

Marty B.
We are new clients, have had great experience so far extremely reasonable rates & very helpful staff on all levels. Very pleased!

Retta M.
We have used several different people and agencies for our insurance needs over the years, but Greg and the Knoxville Insurance Group has by far been our best experience.

Paul G.