Lively HSA is an HSA administrator that offers several low-cost investment options and powerful features. While most HSA administrators are banks, Lively HSA is a software solution that allows you to make transfers, invest with TD Ameritrade Self-Directed Brokerage Accounts and have easy access to powerful tools to track expenditures and use HSA funds.
With Lively HSA, you’ll benefit from a cost-free and FDIC-insured HSA provider that lets you invest 100% of your HSA balance with TD Ameritrade. It’s currently one of the most popular HSA providers in the current market as it offers high-quality services at a low cost.
Lively HSA works by providing you with a debit card to give you access to the money you currently have stored in your HSA. If you have immediate and qualified medical expenses to pay off, then this platform assists you in identifying if they can be purchased with your debit card. It has a search engine that informs you of a list of items that qualify under your HSA.
Lively HSA Features
This software solution offers a variety of features for individuals, employers, brokers and partners.
Here are Lively HSA’s features:
Seamless transfers and contributions
Lively HSA allows you to make effortless transfers and deposits without worrying about additional charges. Not only does it offer bank-grade security with your HSA but it’s also FDIC-insured, which is supported by Lively’s bank partner, Choice Financial. Just link your bank account and you can set up one-time or recurring contributions. It also allows for paperless billing.
Dedicated support team
It doesn’t matter if you’re an individual opening up an HSA account or a company owner to a large workforce; Lively HSA has a dedicated support team that supports and guides you in using their system. From onboarding to offboarding, you can rely on the team to assist you in making the right choices. You can reach their team through email, phone and live chat.
Lively HSA has streamlined HSA administration tools that help connect the employers with the employees easier, offering an intuitive admin dashboard, onboarding and offboarding tools, and automated payroll deduction. With this, you’ll get to enjoy an easy and efficient digital system to handle multiple accounts all at once.
Benefits administration platforms
This feature is designed to assist employers in achieving a seamless onboarding and offboarding experience for their workforce. This prevents you from making any manual mistakes and dealing with stressful administrative duties. Since administration is streamlined, you’re able to directly work from the dashboard and focus on making your business grow.
TPAs offer you a modern and transparent platform when it comes to HSA management. With innovative and proprietary technology, customer-centric experience and dedicated support, the TPAs found in Lively HSA supports claim settlements and opportunities to make your revenue grow.
Lively HSA Benefits
Here are the top three benefits for those who subscribe to Lively HSA:
Lively HSA offers an intuitive and user-friendly platform, using simple tools and interfaces to help you navigate and make the most of the software. If you do encounter any issues, the platform lets you connect with a support team to guide you along the way.
Cost-free software solution
You don’t need to pay for any additional charges every time you use this solution. Fees related to point-of-sale, maintenance, transfers and contributions are negated for individuals and families. For employees, you need to pay for your employees’ accounts.
Tax advantages and investment potential
Using Lively HSA opens the door for multiple tax advantages and investment potential. You get to benefit from tax advantages when you contribute to your HSA such as pre-tax (for employees) and tax-deductible (for individuals). Additionally, you can use your HSA for investment opportunities like mutual funds and stocks. If you’re looking to invest, you need to contact an HSA custodian or a fee-only financial advisor.
Lively HSA’s pricing plan is simple — If you have your own HSA account, you don’t need to pay for any of its services. For individuals and families who want to use their platform, Lively HSA is completely free. It’s free to access and insured by the FDIC.
If you’re an employer, you’ll be charged $2.95 per employee per month. The administrative tools let you centrally manage contributions, offer employee investment options and automatically sync the solution to your payroll system.
With Lively HSA, you’re given a platform that helps maintain existing savings accounts as well as being able to transfer funds easily, track expenses, benefit from top experts in the field and use powerful administrative tools. If you’re looking for a software solution with several investment options offered at a low cost, then Lively HSA is a top contender in the current market.