Lively

We are HSA Experts! Lively is a Health Savings Account (HSA) platform for employers and individuals. A 401(k) for healthcare.


Articles by Lively

Retirement

Medicare and HSAs: What You Need to Know

Are you thinking about enrolling in Medicare or applying for Social Security benefits? If so, this could automatically trigger you to start for Medicare Part A, which would make you ineligible to contribute to your Health Savings Account. The timing of your decision to enroll into Medicare impacts your HSA eligibility, so be careful not to trigger any penalties.

6 min read

Health Savings Accounts

HSA Eligibility Details

The value and benefits of an HSA are hard to pass up. Their short-term and long-term savings options create flexibility to enable the specific HSA strategy that works best for you. In order to take advantage of these opportunities, however, you must be eligible to set up a health savings account. Here are the requirements to determine your HSA eligibility.

6 min read

Health Savings Accounts

Can I Still Make a 2019 HSA Contribution?

The New Year’s ball has fallen, and 2019 has arrived. Not only that, but we’re already a month and a half into the new year. You might be looking at your overall financial picture, as tax season is right around the corner, and be thinking you’d like to utilize your Health Savings Account (HSA) more…

3 min read

Health Savings Accounts

Why an HSA with a Debit Card is Better Than an HSA Without One

Most HSAs function in one of two ways: either an administrator holds on to your money and waits until you submit a claim before reimbursing you for your out-of-pocket expenses or your HSA issues you a debit card so that you have direct access to your savings.  At Lively, we make things simple for our…

3 min read

Health Insurance

Is an HSA a type of health insurance?

Short answer – No, an HSA is NOT health insurance. Health insurance is provided by an insurance company for which you pay monthly premiums. When you have day-to-day medical expenses, or if something unexpected happens and you need to visit the doctor or hospital, they help you pay your health care costs.

10 min read

Health Insurance

Why Healthcare Savings Matters

Being an adult is expensive. It can be difficult enough to cover rent, utilities, transportation and groceries. When you add in the cost of healthcare, balancing your budget may feel almost impossible. You may have a handle on health insurance premiums and co-payments, but deductibles and out-of-network expenses make it tough to predict what you…

3 min read