Health Savings Accounts

A way for employees to save and pay for healthcare expenses

Learn about HSAs

To contribute to an HSA, you must have a qualifying high-deductible health plan (HDHP). Save money in your HSA as you would in any other interest-bearing account, and use your HSA dollars, tax-free, to pay for healthcare expenses. What you don't spend continues to grow, year after year. After age 65, you can choose to continue to use your HSA tax-free for healthcare expenses or use it for other purposes as taxable income.

I am always impressed with the customer service at Bell State Bank & Trust. I feel they truly care about me and I am not just another number.
-Becky B.

HSA Eligibility

To be eligible to set up an HSA, you:

  • Must be covered under a high-deductible health plan (HDHP)
  • Can have no health coverage other than the HDHP (certain exceptions may apply)
  • May not be enrolled in Medicare
  • Cannot be claimed as a dependent on someone else's tax return

Employers may choose to offer HSAs as a benefit to their employees. Individuals enrolled in HDHPs may also open their own HSAs, similar to how they might open traditional checking or savings accounts.  


Discovery Benefits, a sister company of Bell State Bank & Trust, sets up and administers HSAs. For answers to your questions and to find out if you are eligible for an HSA, please contact Discovery Benefits at 877-765-8815 and ask to talk to a representative about an individual HSA.

Why Bell

Your life, your healthcare – they’re of the utmost importance. We feel the same way, and we can help you plan for expenses and your future.

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