Lively’s identity and culture grew out of our customer-centric approach. During the first 12 months after we launched, Shobin and I rolled up our sleeves and worked directly with our customer support team. As cofounders, we wanted to better understand our customer pain points and build solutions-based products that could meet those needs.
COBRA part of a law titled: the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985. As part of this law, Congress mandated an insurance program for former employees who’ve lost access to their former employer’s plan. The law applies to private-sector employers and does not apply to former employees of the Federal Government, churches, or church-related organizations. So, COBRA isn’t an actual insurance plan, it’s the system through which you can maintain access to the health plan you had under your most recent employer.
The benefits to employers that offer health insurance and FSAs include: healthy, productive employees, complying with the Affordable Care Act (ACA) and the ability to deduct the amount both they and employees pay for premiums and contribute to their FSAs.
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As a company, we’re nothing without our values, which were chosen with intention and refined as Lively continued to evolve. Here’s a closer look at where they came from—and, most importantly, how they inform day-to-day life at Lively.
Lively was born in 2016, and named for how we want people to feel after they interact with us: upbeat and lively. We believe that managing your HSA should be easy, stress-free, user-friendly and consumer-centered. It’s about more than just finances. At the end of the day, we want people to feel confident about their ability to navigate out-of-pocket healthcare expenses.
If you’ve researched health plans recently, you know there are many tax-advantaged savings accounts that can help you pay for qualified expenses. In this post, we’re debunking the top 10 FSA myths to help you in your navigation efforts.
Disclaimer: the content presented in this article are for informational purposes only, and is not, and must not be considered tax, investment, legal, accounting or financial planning advice, nor a recommendation as to a specific course of action. Investors should consult all available information, including fund prospectuses, and consult with appropriate tax, investment, accounting, legal, and accounting professionals, as appropriate, before making any investment or utilizing any financial planning strategy.