Why use an HSA?

Sandy Spring Bank makes it easy for your business to offer a Health Savings Account as a viable health care option.  The combination of a High Deductible Health Plan (HDHP), along with an HSA provides both the employer and employee the foundation for a very competitively priced health plan, with unparalleled tax savings for participants.

We have developed a very simple communication and enrollment process.  Our enrollment packet quickly educates employees about HSA's and the tax benefits associated with this type of health plan.

This Program Offers You:

  • Valuable benefit program at a minimal cost
  • Ease of implementation
  • No on-going plan oversight or additional legal expenses
  • Sandy Spring Bank provides all required disclosures
  • Sandy Spring Bank handles all tax reporting

This Program Offers Your Employees:

  • Substantial tax savings
  • Competitive rates
  • Free HSA VISA® Debit Card
  • Free online access to account and electronic statements
  • Free telephone support
  • No monthly maintenance fee with ACH Direct Deposit or when a $300 minimum daily balance is maintained, otherwise the monthly maintenance fee is only $5
  • Initial Set-up fee $18

 

Apply Now or Learn More about Sandy Spring Bank's Health Savings Accounts:

  • Please call: 800-399-5919, press 2, 5.
  • View Sandy Spring Bank's HSA Rates

*All references to tax savings are at a federal level. State taxes vary. Please consult your tax advisor.

 

 

 

 

 

 

 

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