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Never Ask “Have I Hit My deductible?” Again

Lively · July 9, 2019 · 3 min read

deductible-tracker

Track your healthcare spending with Lively

By now, you probably know that your Lively HSA is the easiest way to save money for healthcare. It’s paperless, automated, and 100% tax-free. 

But your HSA works in conjunction with certain healthcare plans, like a High Deductible Health Plan. In order to better predict your healthcare costs, you need to understand your health insurance costs and HSA savings. 

As an independent HSA provider, you can sign up with Lively and your healthcare provider to get the best in class healthcare experience. The result is an expert in both healthcare and health savings.

96% of HSA contributions are spent each year. The majority of these expenses are for regular and expected yearly healthcare expenses, like doctor’s visits. We continue to expand our product offerings to help our customers not only use their HSA, but also increase their health spending knowledge.

With Lively you can open one HSA for the rest of your life. Even if you switch health insurance plans it’s no problem (and with how fast health plans are changing, you might be enrolling in a new plan each year). We make it easier to understand your healthcare spending in our HSA dashboard, because more clarity means more healthcare transparency (and keeping track of all the hard to understand classifications like in-network vs. out-of-network designations and out-of-pocket costs).

Lively has made it easy to see what you have paid and what you might have to pay if you incur any healthcare expenses.  Today, we are pleased to announce the launch of a real-time health insurance deductible check within your Lively HSA. We have been hard at work integrating data from a variety of sources to help provide useful information back to our users. We have over 90% coverage and growing for health plans. 

Here Is How It Works:

  • From your browser, in the Lively dashboard, Add Your Health Plan Details

  • Automatically Track Your Real-Time Deductible Spending

  • Understand Your Future Spend (remaining deductible)

  • Determine What You Need to Save

Please note, we will be adding iOS integration shortly.

![deductible](//images.ctfassets.net/6j8y907dne6i/4xXsG2JJ89Jn01oV3KPAc0/430fba6b91f9e084edf2d8364d0ba5aa/deductible.png)

It only takes a few clicks to set up, all you need is your health plan details (Insurance Carrier and Member ID). From there, you can see what you have spent and what remains, no matter your healthcare provider. With this knowledge, Lively enables you to build an HSA safety net for potential out-of-pocket costs and have the peace of mind of knowing that you’re covered. Can’t find your health plan information? No problem! Tell us the name of your health insurance provider as our team is constantly updating and improving the information that is available to our users.

Clarity in the healthcare space is hard to find. We strive to make that easier. More cost transparency means you can make better health spending decisions. Not just for this year, but as you move jobs (and health insurance providers), and lifestyle changes that affect your healthcare spending. It’s even easier if this information is all in one place. Take control of your healthcare expenses today!

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.

piggy bank on pink background

Benefits

2024 and 2025 HSA Maximum Contribution Limits

Lively · May 9, 2024 · 3 min read

On May 9, 2024 the Internal Revenue Service announced the HSA contribution limits for 2025. For 2025 HSA-eligible account holders are allowed to contribute: $4,300 for individual coverage and $8,500 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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