State Savings Bank

Online Banking Customers: Check your e-mail for a message from sent 8-24-22 to all online banking
customers regarding a
major change coming Oct. 24. If you did not receive an e-mail, click here to learn more .

What are the Benefits of an HSA?

You can claim income tax deductions for contributions you make to your HSA and contributions your employer makes may be excluded from your gross income, reducing your taxable income. Payments made from the account for qualified medical expenses may also be tax-free. Additionally, there are no yearly deadlines for using the funds, they accumulate from year-to-year earning tax-free interest.

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