319-393-5262

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, First Iowa Insurance Agency, Inc. 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 First Iowa Insurance Agency, Inc. today to learn more about how an HSA can benefit you.

First Iowa Insurance Agency, Inc.

4101 Glass Rd NE

Cedar Rapids, IA 52402

Main office: 319-393-5262
Toll free: 800-369-2657
Fax: 319-393-3161

Office Hours:

Mon: 7:30 AM - 5:00 PM
Tues: 7:30 AM - 5:00 PM
Wed: 7:30 AM - 5:00 PM
Thurs: 7:30 AM - 5:00 PM
Fri: 7:30 AM - 5:00 PM
Sat: By Appointment
Sun: By Appointment

Our Providers

Testimonials

Why insure anywhere else, top professionals, very knowledgeable for your insurance needs
Clark Hejda
"As a client of First Iowa Insurance, you are more than just a policyholder. You come to expect personalized, prompt and professional service when working with the First Iowa team. From the simplest of questions to a complicated claim, you have the peace of mind that everything will be handled by First Iowa Insurance."
Nate Dunn
“CCB Packaging has been associated with First Iowa Insurance Agency since 2010. Ron Hammerberg and all his staff offer exceptional customer service and attention to detail. First Iowa is large enough to handle all our insurance needs with the personal touch and attention to detail that we have come to appreciate.”
Brad Canfield, President
“First Iowa Insurance Agency has handled all of our insurance needs since 2009. Their personal guidance and committed support we receive is so important to our growing business. All questions are answered professionally and promptly. We have always felt your insurance company is only as good as your agent, and First Iowa Insurance Agency is one of the best.”
Stacie Sefton BHFO, Inc.