Health Savings Account (HSA) (Business)
Benefits to Employers
Employers can save on health insurance by adopting a High Deductible Health Plan combined with an HSA. Employer benefits:
- Lower premiums for the employee health care plan
- A reduction in payroll taxes – all contributions to the HSA are pre-tax, which lowers the gross payroll
Benefits to Individuals
Individuals gain flexibility in managing their health and money through:
- Tax-deductible contributions
- Tax-free earnings on the HSA
- Tax-free withdrawals from the HSA for qualified medical expenses
- Accumulation of HSA funds and earnings that roll over year to year.
There is no minimum balance to open an HSA account. Dakota Prairie Bank offers competitive rates on HSA accounts. Please call or stop in and talk to our friendly staff to find out the current rates.
Our Locations
Fort Pierre
Main Office
1204 Yellowstone Street
PO Box 790
Ft. Pierre, SD 57532
Toll Free: 1-877-200-0079
Phone: 605-223-2337
Fax: 605-223-2304
Presho
Branch
211 Main Street
PO Box 190
Presho, SD 57568
Toll Free: 1-800-590-2265
Phone: 605-895-2595
Fax: 605-895-2228
Draper
Branch
100 Main Street
PO Box 158
Draper, SD 57531
Toll Free: 1-800-593-2265
Phone: 605-669-2401
Fax: 605-669-2770
White River
Branch
425 N Main Street
PO Box 288
White River, SD 57579
Phone: 605-259-3500
Fax: 605-259-3503
