State Savings Bank

We will be closed Monday, November 11th, for Veterans Day.

***Transactions received after 4 pm on the Friday before the holiday will be posted on the following Tuesday.***

State Savings Bank
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
State Savings Bank
FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Can Same-Sex Couples or Domestic Partners Open an HSA?

Many employers and insurance companies allow same-sex couples or domestic partners to choose HSA-qualified insurance plans, enabling them to open a Health Savings Account (HSA). However, if they do not meet the definition of a "married couple" under the federal tax code, each person would need to establish an HSA in their own name and would not be able to use their HAS funds to reimburse their partner's qualified medical expenses since the law only permits HSA funds to be used tax-free for eligible medical expenses incurred by the individual, a spouse, or a dependent child.

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