Simple. Seamless. Free.

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

Give your employees an easy way to save for qualified medical expenses with an Independent Bank Health Savings Account (HSA). No fees, no minimums, and funds are easily accessible by debit card or the ONE Wallet digital banking app.

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.

Easy Access to Funds

Employees can pay with a HSA debit card or transfer funds anytime through the ONE Wallet app — with 24/7 access that makes managing HSAs simple and seamless.

Simple Setup

We make HSA setup easy with in-person or digital enrollment—so getting started is quick and hassle-free.

Health Savings Account FAQs

Answers to Common Questions About Business Health Savings Accounts

What’s the difference between an HSA and an FSA?

HSA (Health Savings Account): Employee-owned, rolls over year to year, stays with the employee even if they leave your company, and can be invested. Requires a high-deductible health plan (HDHP).
FSA (Flexible Spending Account): Employer-owned, “use-it-or-lose-it” (funds typically expire at year-end), and employees lose access if they leave your company.

What does it cost my business to offer Health Savings Accounts (HSAs)?

Nothing. Independent Bank HSAs are free to offer — no setup fees, no monthly service charges, and no minimum balances.

How do employees contribute to their HSAs?

Employees can make contributions directly, and you can also set up convenient payroll deductions to simplify the process.

Do employees keep their HSA if they leave the company?

Yes. An HSA is individually-owned, so employees take their account with them even if they change jobs or retire.

How do employees access their HSA funds?

Employees can pay for qualified medical expenses using their HSA debit card or by transferring funds instantly through the ONE Wallet Digital Banking app.

What support does Independent Bank provide?

Our local team makes setup and onboarding simple — whether in-person or digital. We’re here to support you and your employees every step of the way.

Is there a minimum number of employees required?

No. Independent Bank HSAs can be offered whether you have one employee or hundreds.

Can employees invest their HSA funds?

Yes. Employees have access to investment options that allow their HSA balance to grow tax-free. If an employee’s HSA balance is greater than $2,500, they can invest a portion of their HSA dollars into mutual funds through a brokerage account. For details, contact IB Wealth Management at 800.300.0459.*

Are there tax benefits for my business?

Yes. Employer contributions to employee HSAs are tax-deductible, and reducing employee taxable income can lower your payroll taxes.*