Embrace a Healthy Future

Offer Employees a No-Fee Health Savings Account (HSA)

Your employees can save for healthcare on their terms with an Independent Bank Health Savings Account for qualified medical expenses.

Open an Account

Why Choose a Health Savings Account?

Tax-Free Spending

Save on taxes when you use your HSA for qualified medical expenses.^*

No Fees Means No Fees

Our HSA account has no minimum balance and no monthly service fees.

Earn Interest

Earn a competitive interest rate while covering health expenses now and in the future.

Free Debit Card

A free Debit Mastercard^®to manage your health expenses with ease.

Health Savings Account FAQs

Answers to Common Questions About Business Health Savings Accounts

What is required to open an HSA?

You must be enrolled in a high-deductible health plan (HDHP) to qualify for an HSA. You’ll need a valid ID, Social Security Number/Tax Payer ID, proof of address, and an initial deposit if required

Are there annual contribution limits?

Yes, for 2025, individuals can contribute up to $3,850, and families up to $7,750. Additional catch-up contributions of $1,000 are available for those aged 55 or older.

What happens to unused funds?

Unused funds roll over annually, allowing your balance to grow over time.

Can I invest my HSA funds?

Yes, investment options are available to help your HSA balance grow tax-free.
If your HSA balance is greater than $2,500, you can invest a portion of your HSA dollars into mutual funds through a brokerage account, call IB Wealth Management at 800.300.0459 for additional information.

What can I use HSA funds for?

HSA funds can be used for qualified medical expenses which may include doctor visits, prescriptions, and even certain over-the-counter items.