Business Health Savings Accounts | WaterStone Bank

WaterStone Bank - HSAs

Can we schedule a time to discuss how a WaterStone Bank HSA can enhance your employee benefits package at no cost to you?

Keeping Employees In Mind

When you partner with WaterStone Bank, your employees save when they pay for health care services on a pre-tax basis with a qualifying High Deductible Health Plan (HDHP).

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Employee savings. Ready when they need it.

  • Lower overall health care costs
  • No annual fee
  • HSA funds roll over to the next calendar year
  • Increased savings power with tiered interest rates
  • Easy access with a HSA Debit Card with ScoreCard Rewards and unlimited check writing
  • View balances, make transfers and distributions on our Digital Banking app
  • At WaterStone Bank... It's all here for you

A HSA Completes Your Health Benefits Package

A HSA on top of a High Deductible Health Plan (HDHP) benefits you and your employees

Earn more with our new competitive rate structure

View Our Rates

Frequently Asked Questions (FAQs)

How do employees qualify?

Those who are enrolled in a High Deductible Health Plan (HDHP) qualify for a Health Savings Account. Make sure your employees view their benefits package or talk with Human Resources to see if they qualify for a HSA today.

What is a HSA?

A Health Savings Account (HSA) is used to pay, on a tax-free basis, qualified medical expenses for the accountholder and their family who have a High Deductible Health Plan (HDHP). HSAs can provide significant tax benefits to eligible individuals relating to paying qualified medical expenses, and benefits similar to many tax-favored retirement plans.

Why is a HSA good?

They provide employees and their family security for future medical expenses. When they go through WaterStone Bank all of our HSAs include:

  • Convenient access with their Debit Card or checks
  • Competitive rates for enhanced savings potential
  • Easy automatic transfers so the money is available when they need it
How do employees open an account?

For an employee to open an account, they can visit a branch near them, call Customer Service at 414.761.1000, or they can visit this link here for more information.

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