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325.695.0222

HSAs in Abilene and San Angelo, TX

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, CBS Insurance, LLP 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 CBS Insurance, LLP today to learn more about how an HSA can benefit you.

Our Location

CBS Insurance

3005 South Treadaway
Abilene, TX 79602
Main office: 325-695-0222
Toll free: 800-588-3124
Fax: 325-695-0228

Office Hours:

Mon: 8:30 AM - 5:00 PM
Tues: 8:30 AM - 5:00 PM
Wed: 8:30 AM - 5:00 PM
Thurs: 8:30 AM - 5:00 PM
Fri: 8:30 AM - 5:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

CBS Insurance has been our insurance agent for ten plus years. With all the problems and complexities in the oil business, it has been a relief not to worry about whether we have enough insurance coverage or whether we were wasting money on coverage that we did not need. While some businesses have had to close their doors due to increasing insurance costs, CBS has worked hard to keep our costs under control. CBS Insurance has been with us through the good times and the bad times. When we had to have an answer today, we got it today. Their honesty and loyalty shown to us through the years have helped to create not only a good business relationship, but also a great friendship that only comes from someone always being there for you. To be successful, you have to surround yourself with good people. CBS Insurance is in that category and they have contributed to our success over the years. They have been a constant for us in an ever-changing business.
- Mike Evans - VP Sharp Image Energy, Inc. - Big Spring, Texas
CBS has handled our insurance needs for many years. The knowledge of the experienced staff is invaluable. When we call with a question or a request, we are always attended to promptly with a personal reply from someone who knows our needs and our name. We truly appreciate the friendly service we continually receive.
- Bud Darby - WIMSCO, Inc., Nation Wide Products - Abilene, Texas