Save up to 20% in premiums on High Deductible Health Plans and offer HSAs to pair with them. This is a cost-effective way for employers to save on business costs, and employees to save on taxes and expenses.
As an employer, you can save on FICA taxes when you or your employees contribute to employee HSAs. Your employees can contribute, grow, and withdraw their funds for qualifying medical expenses without paying taxes on them.*
Healthcare and financial wellness benefits are now considered necessities by the vast majority of today’s workforce. Offer a dedicated triple-tax advantaged account for healthcare expenses to build an attractive benefits package.
The Lively team supports you every step of the way, from initial set-up and Open Enrollment to maximizing adoption and performance.
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You and your employees receive access to a dedicated customer success team and experienced support team throughout the year.
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Add and remove employees, update and schedule contributions, and download reports all from one centralized and easy-to-access location. Lively easily integrates with your existing benefits and payroll tech stack.
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Lively proactively provides your employees with self-service resources and personalized education to help them optimize the value of their HSA according to their goals.
Lively's innovative technology allows employers to customize their programs and get them up and running within weeks, not months. Your employees can take advantage of a suite of resources available to them so they maximize their healthcare savings.
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Companies are charged a monthly fee based on the number of enrolled employees. There are no other fees for employers.
Lively offers two premier solutions to help employees build toward their financial goals: Schwab Health Savings Brokerage Account by Charles Schwab and HSA Guided Portfolio by Devenir**. We have a solution that’s right for them whether they prefer to be more hands-on or receive personalized guidance. Learn more about Lively’s HSA investment solutions here.
Employees benefit from an HSA because they can save and spend tax-free on eligible medical expenses when paired with a High Deductible Health Insurance Plan. As an employer, you may benefit too, by saving on payroll taxes.* Learn more about tax benefits here.
Yes, employees can make direct contributions from their linked external bank accounts within the Lively dashboard or mobile app.
Employees own their HSA and continue to do so if they leave your company or the health plan. Once your company provides the termination information to Lively, the Encore Bank HSA, powered by Lively will be converted to an individual account and will no longer be linked to your company. Lively will send the employees communications on the continuing benefits of their new HSA.