Directory of
HSA Administrators

HSA for America

Discovery Benefits

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

* 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

  • 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

  • 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

Contact Phone:  N/A

Open Account Options:  N/A

You can visit Discovery Benefits at for complete information and application instructions.

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


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