Business Health Savings Account

Health Savings Account Overview

Healthcare costs are increasingly important in financial planning for business owners and employees, and can play a valuable role in your workplace benefits package.

KeyBank's health savings accounts (HSAs) allow participating employees to make pre-tax annual contributions to withdraw, tax-free, for qualified medical expenses. Annual fees and set-up charges are waived if you also use a Keybank business checking.

To participate, an employee must:

  • Be enrolled in a high-deductible health insurance plan (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 listed as a dependent on someone else's tax return

To Apply: