Holiday Notice: Our branches will be closed on Monday, July 4, 2022, in observance of Independence Day.  


Health Savings Account

A better way to pay for healthcare.


Maintaining good health is important, but the cost of staying healthy can be significant. Start saving money now while you're healthy so that you can afford to go to the doctor or buy medicine when you're not. It's easy to access your balance via debit card, online banking, or even by check.

HSA Contribution Limits**
2022: Single $3,650 | Family $7,300
2023: Single $3,850 | Family $7,750


  • Earn 1.00% APY* on entire balance
  • No monthly fee, no minimum balance
  • Interest compounded monthly
  • Save for medical expenses
  • $100 deposit to open
  • Tax benefits**
  • Funds carry over at end of year
  • Transferable to another job
  • Debit card included
  • Free first order of checks
  • Access to online banking
  • Free eStatements
  • High deductible plan required

* Annual Percentage Yield (APY) accurate as of May 1, 2022. Interest is variable and may change after account is opened.
**Consult your tax advisor.

  • What is a Health Savings Account (HSA)?

    A HSA is a special savings account that allows you to set aside pre-tax money for future qualified medical expenses. By using tax-deferred dollars in an HSA to pay for deductibles, co-payments, co-insurance and other medical expenses, you can lower your overall health care costs.

  • How do I qualify for an HSA?

    An HSA can be used only if you have a High Deductible Health Plan (HDHP) — generally any health plan (including a Marketplace plan) with a deductible of at least $1,350 for an individual or $2,700 for a family. For additional information regarding qualifications, visit

  • Is there a limitation on how much money I can contribute to my HSA each year?

    Yes, there is a maximum contribution amount per year for individuals, families and participants 55 years of age and older.  Please consult with your tax advisor for your specific contribution maximum.

  • How does it work?

    Stop into any of the State Street Bank branches and open a HSA account. 

    Decide how much to contribute to your HSA account. Learn about contribution restrictions at You can easily set-up automatic payroll contributions directly from your employer. 

    Your HSA will be linked to a debit card linked to your HSA account, and you can use this debit card to pay for eligible medical expenses. It's easy to access your funds via debit card, online banking, or even by check.
    Unlike a Flexible Spending Account, your HSA balance rolls over from year to year, so you never have to worry about losing your savings. Once you’re over age 65 and enrolled in Medicare, you can no longer contribute to an HSA, but you can still use the money for out-of-pocket medical expenses.