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
None	$25	None	$4.50	$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

Contact Phone: N/A

Open Account Options: N/A

You can visit Discovery Benefits at www.discoverybenefits.com 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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