Additional information of Health Savings Account (HSA)
SouthState Bank's Health Savings account helps you save pre-tax dollars to pay for qualified medical expenses.
This is possible if you have a high-deductible insurance plan, which allows you to pay off other commitments, including prescriptions, dental visits, eye exams, co-pays, co-insurance and more.
You can apply for this savings account individually or for your family with as little as $1 and you don't have to maintain any minimum balance. Although this product includes a $3 maintenance fee, you can avoid it by opening a SouthState at Work account.
In addition, this entity offers you its online/mobile banking, which is distinguished by its functionality:
- Instant balance.
- Alerts configuration.
- Mobile check deposit.
- Transfers through Zelle.
- Online bill payment with Pay Bill.
- Fingerprint or facial recognition login.
It is important to understand that all HSAs are subject to certain deposit and withdrawal restrictions that are set forth in section 223 of the IRS Internal Revenue Code.
Based on this, contributions made by you or your employer allow you to save taxes and earn interest. As these contributions roll over to the next year, you can access the funds as required by law.
SouthState Bank's Health Savings Account is for those who want to live a peaceful old age and have an emergency fund for medical expenses.
HSA accounts are specific financial products that you should know well, and at Busconómico you will find more offers from the best rated institutions in the country.
Español: Cuenta de ahorro Health Savings (HSA) de South State Bank