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.
Healthy Benefits
- 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. - Convenience
KeyBank is a local HSA custodian, which means we provide the personal touch through on-site enrollments and presentations, as well as local branches. - Access
Employees can access their HSAs through our ATM network, mobile and online banking. - Support
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
