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Health Savings Account Image of medical stethoscope, clipboard and computer keyboard

Business Health Savings Account

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Healthcare costs are on the rise making it a challenge to provide an attractive benefits package to your employees. A Health Savings Account (HSA) from Reliance State Bank combined with a High-Deductible Healthcare Plan from your insurance provider can reduce healthcare costs, and provide a tax-advantaged, medical savings account for your employees.

Reliance State Bank HSA Features:
  • $5.00 Annual Fee each May 1st
  • No Monthly Maintenance Fee
  • Interest earned Monthly with a Tiered Rate
  • Free Debit Card
  • Free Online Statements
  • Free Online Access
  • Minimum Opening Balance $100

How to get started:
  1. Contact your insurance provider about a HSA-qualifying High Deductible Health Plan.
  2. Determine if you will be contributing to your employees' HSAs. Direct deposit is available.
  3. Arrange an orientation session for your employees with a Reliance State Bank HSA expert.
  4. Employees visit a Reliance State Bank location and set-up their accounts or apply online.

Contribution Limits 

HSA Type 2020 2021
Single HDHP $3,550 $3,600
Family HDHP $7,100 $7,200

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