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Does First Dollar HSA Investing Matter?

Lively · March 6, 2018 · 2 min read

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Did you know you can save, spend or invest your HSA? No matter which route you choose, the more flexibility you have within each category, the better. First dollar HSA investing enables individuals (and families) to invest their HSA funds from day 1. In this always-connected world, no one wants to wait and first dollar HSA investing ensure you don’t have to.

What is First Dollar HSA Investing?

First dollar HSA investing literally means you can invest your first HSA dollar. This requires that HSA providers don’t require a minimum balance for your HSA cash balance or a minimum HSA investing balance.

The sentiment of first dollar HSA investing means from the second your money has arrived into your HSA, from a contribution or transfer, you can start investing in your health.

Does First Dollar HSA Investing Matter to You?

It depends. If you are investing your HSA it allows you to open or transfer funds from Day 1. This makes sure any transfers don’t miss a beat and you don’t have to wait to invest your money. If you are keeping your HSA funds in cash, to use for short-term expenses, HSA investments might not be on your radar, yet. But if you do consider investing your HSA in the future it’s nice to know with first dollar HSA investing you don’t need to meet any arbitrary account minimums to get started.

Does Lively Offer First Dollar HSA Investing?

You may know that transparency and simplicity are key pillars of the Lively mission and experience. Because of this, we don’t put restrictions on how our users use their HSA. You can spend (no debit card transaction fees), save (guaranteed growth via interest rates) or or invest through one of our integrated investment solutions as soon as their HSA is funded (no cash minimum required).

With Lively, you can choose the HSA path that works best for your health and financial profile, including first dollar HSA investing.

Lively

Lively

Lively is the modern HSA experience built for—and by—those seeking stability in the ever-shifting healthcare landscape. By harnessing modern innovation and deep industry expertise, Lively is committed to bridging today’s savings with tomorrow’s unknowns. Unlike traditional institutions hindered by bureaucracy, Lively’s commitment extends beyond initial set up to providing dedicated, ongoing support and education for every step. So each HSA can reach its maximum potential with minimal headache.

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Benefits

2023 and 2024 HSA Maximum Contribution Limits

Lively · May 16, 2023 · 3 min read

On May 16, 2023 the Internal Revenue Service announced the HSA contribution limits for 2024. For 2024 HSA-eligible account holders are allowed to contribute: $4,150 for individual coverage and $8,300 for family coverage. If you are 55 years or older, you’re still eligible to contribute an extra $1,000 catch-up contribution.

comparing hsa versus fsa

Benefits

What is the Difference Between a Flexible Spending Account and a Health Savings Account?

Lauren Hargrave · February 9, 2024 · 12 min read

A Health Savings Account (HSA) and Healthcare Flexible Spending Account (FSA) provide up to 30% savings on out-of-pocket healthcare expenses. That’s good news. Except you can’t contribute to an HSA and Healthcare FSA at the same time. So what if your employer offers both benefits? How do you choose which account type is best for you? Let’s explore the advantages of each to help you decide which wins in HSA vs FSA.

Benefits of HSA employer matching

Health Savings Accounts

Ways Health Savings Account Matching Benefits Employers

Lauren Hargrave · October 13, 2023 · 7 min read

Employers need employees to adopt and engage with their benefits and one way to encourage employees to adopt and contribute to (i.e. engage with) an HSA, is for employers to match employees’ contributions.

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.

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