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Health Savings Accounts

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A Health Savings Account (HSA) enables you to pay for qualified medical expenses on a tax-free basis. You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of an HSA. An HDHP generally costs less than traditional health care coverage, so the money that you save on insurance premiums can help fund the HSA.

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Benefits of Owning a HSA

Long-Term Savings:

Funds left to accumulate in an HSA grow tax-free^.


You decide whether to save the funds for future expenses or pay current expenses.


You decide how much to save and when to spend the funds. Subject to IRS contribution limits. 


Deductibility, earn tax-free interest, and tax-free withdrawals^. 

^Consult your tax advisor

State Bank & Trust HSA Features

  • No Setup Fee
  • No Annual Fee
  • Interest Earned Monthly with a Tiered Rate
  • Free 1st Debit Card
  • 2nd Debit Card $15.00
  • Free Online Statements
  • Free Online Access
  • Minimum Opening Balance $50
  • Semi-Annual Maintenance Fee $5

Maximum Contributions

HSA Type 2016 2017 2018
Single HDHP $3,350 $3,400 $3,450
Family HDHP $6,750 $6,750 $6,900

Not sure if a High Deductible Health Plan is right for you?

Begin by visiting with your trusted insurance agent or Human Resource Department.

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