All references to tax savings are at a federal level. State taxes vary. Please consult your tax adviser.
Business Simple HSA
A Simple HSA
What is a Simple Health Savings Account?
You want to give your employees tools that are easy to use and convenient. The Health Savings Account (HSA) was designed with just that in mind. It offers all the features they need to conveniently pay eligible medical expenses with their HSA Debit MasterCard® and easily manage their account online, while paying interest on the account balance. With monthly direct deposit or maintaining the required minimum balance, there is no monthly maintenance fee. Plus, employees have access to our ATMs to reimburse themselves for qualified medical expenses with no surcharges.
To be eligible for a HSA, the employee must participate in a qualified HDHP (High Deductible Health Plan).
View Sandy Spring Bank’s HSA rates.