State Savings Bank

Online Banking Customers: Check your e-mail for a message from info@ssb.bank 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 Happens if I Use my HSA for Other Purposes?

If you discover you accidentally paid for something other than a qualified medical expense from your HSA, you may repay the mistaken distribution prior to filing your federal taxes for the tax year of the mistake. Failure to correct an error will subject the unqualified distribution to income tax and may incur an additional 20% tax penalty.

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