Health Savings Accounts
Help your employees invest in their health.
We know healthcare can be expensive, even with good benefits. Our Health Savings Accounts (HSAs) give employees a helping hand with tax-advantaged contributions and tax-free withdrawals for health costs now or in the future.
- Simple Setup
KeyBank HSAs are fully integrated with our payroll, direct deposit and checking account services, making them easy for you and your employees to use.
- Fee Savings
When your small business uses Key’s business checking account services, we waive HSA setup, monthly maintenance and annual fees.
- Tax Advantages
The contributions your company makes to employees' HSAs are tax-deductible.
KeyBank is a local HSA custodian, which means we provide the personal touch through on-site enrollments and presentations, as well as local branches.
Employees can access their HSAs through our ATM network, mobile and online banking.
We're always available, with access through our dedicated KeyBank HSA call center.
To participate, an employee must:
- Be enrolled in a high-deductible health insurance plan (HDHP)
- Not have coverage under another health insurance plan, except what is permitted (see IRS Publication 969 for more information)
- Not have Medicare coverage
- Not be listed as a dependent on someone else’s tax return