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HSAs in Wenatchee and Cashmere, WA

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, Mitchell, Reed & Schmitten Insurance, 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 Mitchell, Reed & Schmitten Insurance, Inc. today to learn more about how an HSA can benefit you.

Our Locations

*Wenatchee Location

124 E Penny Road, Suite 101
Wenatchee, WA 98801
Main office: 509-665-0500
Toll free: 800-253-1442
Fax: 509-664-4004

Cashmere Location

117 Aplets Way
Cashmere, WA 98815
Main office: 509-782-2751

Chelan Location

329 E Woodin Ave
Chelan, WA 98816
Main office: 509-888-4348

Cle Elum Location

803 W 1st Street
Cle Elum, WA 98922
Main office: 509-674-4433

Ellensburg Location

101 W University Way
Ellensburg, WA 98926
Main office: 509-962-0902

Leavenworth Location

980 Highway #2
Leavenworth, WA 98826
Main office: 509-548-6050

Yakima Location

5800 Summitview Ave
Yakima, WA 98908
Main office: 509-454-5156

Our Providers

Testimonials

Stephanie is so helpful and responsive to all emails, questions, changes and updates. Thank you!!
Tiana Duvauchelle