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- 1-888-KEY-2020 (539-2020)
Health Savings Accounts
A Health Savings Account (HSA) is an account that can be opened by your employees in order to make tax-advantaged contributions. The funds may be withdrawn by your employees, tax-free, for qualified medical expenses. You and your employees may make contributions into an HSA as long as your employees are enrolled in a qualified High Deductible Health Plan (HDHP). In order to be eligible for an HSA, an employee must:
- Be enrolled in an HDHP
- Not be covered by another health insurance plan, except what is permitted (see IRS Publication 969 for more information)
- Not be covered by Medicare
- Not be a dependent on someone else's tax return
Learn more about the benefits of the KeyBank HSA for both your employees and yourself. Annual fees and set-up charges may be waived for your employees if you have a business checking account relationship with KeyBank.
For more information, call 888-KEY-2020 (539-2020) to speak with an HSA specialist.