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HSAs in Lowell and Dracut, MA

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, Coughlin Insurance Agency 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 Coughlin Insurance Agency today to learn more about how an HSA can benefit you.

Our Location

Coughlin Insurance Agency

14 Dinley Street
Dracut, MA 01826
Main office: 978-957-3588

Our Providers

I have been a customer with Coughlin Insurance for years. They proactively re-worked my policy upon renewal, saving me money and increasing my coverage. Thank you Coughlin Insurance!
Ed L.
I came in for auto insurance and received a great rate. Then my customer representative told me about Insure A Friend. I received a $10 debit card just to have Coughlin Insurance provide a quote to my friend. It was great.
Jennifer R.
Wow!! No need to go to the registry with Coughlin Insurance! I went into their office to add my new car to my policy, and then to the Registry. Hours of my time, long lines; I hate the Registry. My CSR told me I did not have to go, and in 10 Minutes she processed my registration and gave me a plate on the spot. I was out cruising that afternoon. Now that is service!
David P.
My business was growing, Coughlin Insurance helped me identify my needs, and provided the coverage I needed to grow with confidence. Not only did Coughlin Insurance provide the needed coverage they identified gaps in my policy and gave my business maximum protection at a great rate.
Michael L.
The Coughlin Insurance staff evaluated my needs and created a custom program for me and my family while improving my coverage and saving me hundreds on my policy renewal.
Jim D.
When I got into my accident, I did not know what to do. I called Coughlin Insurance and they worked with me and the insurance company to help me file my claim and get me back on the road. Not only did Coughlin Insurance ensure I had all the coverage I needed, Coughlin Insurance gave me peace of mind they were there for me.
Lisa R.
My business is unique and I was having trouble finding an agency which could meet my needs. Coughlin Insurance has a vast specialty line which handles unique businesses. In no time I was insured at a very reasonable rate.
Srini K.
We were adding our daughter onto our auto policy, Coughlin Insurance took the time to review our policy and identified an Umbrella policy which increased our protection on our house, and cars while reducing our total policy rate even with a new driver. Coughlin Insurance really was looking out for us.
Peter and Nancy W.