Discovery Benefits is a national leader in flexible benefit, HSA, HRA, and COBRA.  Discovery Benefits partners with its sister company, State Bank & Trust who is custodian and provides investments for the HSA account holder.  Both companies are wholly-owned subsidiaries of State Bankshares, Inc.

Complete Fee Information

Setup Fee
Closing Fee
Minimum Opening Deposit
Monthly Fee
Annual Fee
None
None
None
$3
$25*

* Applies to individuals and groups with 10 or less.  Waived for groups 11 or more.


Access Fee:
  • None for on-line withdrawal or faxed request (use own credit card earning miles or points, request withdrawal on-line with free direct deposit to your checking or savings account)
  • $1.00 per month for debit card
  • Minimum $1,000 balance required for debit card option selection

Investment
Options:
  • FDIC Insured Money Market Account (variable rate)
  • Vanguard Value Index Fund
  • Vanguard 500 Index Fund
  • Vanuguard Mid Cap Index Fund
  • Vanguard Wellington Fund
  • Vanguard Short Term Federal Fund
  • Vanguard GNMA Fund
  • Vanguard Total Bond Market Index Fund

Perks:
  • Works with any HDHP coverage or carrier
  • On-line withdrawal requests and account inquiry
  • May change investment allocations on-line at any time
  • Free direct deposit
  • Maximum two business day turnaround on withdrawal requests
  • No minimum deposit
  • No minimum cash balance when using the on-line withdrawal request and free direct deposit
  • No limit to the number of transactions when using free direct deposit
  • No custodial fees added by DBI to Vanguard Funds
  • No transaction or one-time charges to set up your account
  • Debit card option available (minimum cash balance requirement applies)
  • No one-time set up charges, ongoing transaction charges or custodial fees added by DBI to the Vanguard Funds
  • Their “Check-O-Matic” feature allows you to have a fixed dollar amount deducted directly from the account of your choice on a monthly basis, and transferred to your HSA

You can visit Discovery Benefits at www.discoverybenefits.com

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Disclaimer:  The information listed above is current to best of our knowledge.  Please visit this administrator's web site or contact them directly to confirm you have the most current information available.

HSA for America is an independent health insurance agency specializing in high deductible health plans qualified to work with health savings accounts.  We provide a list of recommended HSA administrators as a service to our visitors and customers.  We are NOT an administrator ourselves.  If you have a question for a specific administrator, please contact them directly.

For a list of the administrators we recommend, please visit our HSA Administrators page.

For an instant quote on health insurance plans that are qualified to work with a health savings account, please visit our Instant Quote page.

HSA for America
749 S. Lemay Ave, Suite A3-116
Fort Collins, CO 80524
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Disclaimer: All information on this website is relayed to the best of the Company's ability, but does not guarantee accuracy. Information may be out of date. The content provided on this site is intended for informational purposes only and does not guarantee price or coverage. This site is not intended as, and does not constitute, accounting, legal, tax, and/or other professional advice. Determination of actual price is subject to Carriers.