Markel Insurance Services
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Company Info

Markel Insurance Services
1400 Buford Hwy., Ste. G-2
Sugar Hill, GA, 30518



GA: 528264

Insurance Brokers:
Steven Markel

What is a Health Savings Account (HSA)?

HSA Plans have two parts: a lower cost, high deductible health insurance plan and a tax-favored health savings account. The insurance plan protects you from large medical expenses. Once your deductible is met, the insurance plan starts to pay for covered expenses.

A Health Savings Account, or HSA, is a unique, tax-advantaged account that can be used to pay for current or future healthcare expenses. When combined with a high-deductible health plan, it offers savings and tax advantages that a traditional health plan can't duplicate. With an HSA, members will have:

  • A tax-advantaged savings account that they can use to pay for eligible medical expenses as well as deductibles, co-insurance, prescriptions, vision expenses, and dental care. and these contributions are 100% tax deductible from gross income.
  • Unused funds that will roll over year to year. There's no "use it or lose it" penalty.
  • Additional retirement savings. After age 65, funds can be withdrawn for any purpose without penalty, but may be subject to income tax if not used for IRS-qualified medical expenses.

An HSA is your account. Your money rolls over every year. There is no "use it or lose it" requirement.

2019 HSA Contribution Limits


For more detailed information on HSAs, visit the U.S. Department of Treasury website at or talk with your tax advisor.

US Treasury Department on HSA



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