As providing healthcare benefits to employees becomes more complicated and expensive for your clients, High Deductible Health Plans, paired with Health Savings Accounts (HSAs), are an increasingly popular option. SBA’s comprehensive HSA platform provides all the tools and resources your clients and their employees need to make the most of this consumer-driven arrangement.

Why go with SBA?

Your clients will enjoy easy enrollment and tools to fund participant accounts.

  • Participants will have a debit card customized to work only at locations offering eligible medical, dental and vision services.
  • Our online portal gives participants easy access to find account details including contributions, disbursements, claim history, investment history and tax form history.
  • Participants will have a knowledgeable person to answer their emailed questions or phone calls.

Why not go with a “free” program?

There is a monthly fee to use SBA’s program, so why wouldn’t your client go for a free bank program? You know the phrase, “you get what you pay for.”

Often times:

  • An employee will forget to open an account.
  • The employee opens an account, gets a checking account with checks and a debit card that works at all locations with no spending boundaries for eligible expenses.
  • The “free” account offers no interest on balances.
  • Many “free” accounts are now charging a monthly fee if the balance is below $1,000.
  • A typical “free” account has no mutual fund investment opportunities.
  • If the employer sends a contribution spreadsheet to the “free bank,” and a mistake is made, the bank customer service representatives do not know how to help fix the problem.
  • If an HSA account holder calls the “free bank,” they typically do not talk to a customer service representative who can answer HSA-specific questions.
  • Account holders have to keep up with receipt documentation, storage and IRS annual limits.
  • Account holders who write checks to providers risk overdrawing their account.
  • Excess contributions are possible with no bank oversight.

How can we help you?

Call or email SBA today for an HSA proposal. Our knowledgeable staff can help you answer all your client’s questions and, depending on the location, we’ll even conduct enrollment meetings with you.