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HSA Fees That Add Up

Lively · July 26, 2017 · 2 min read


HSAs are a clear way to save money for your health, both for short-term and long-term expenses. Their triple tax advantages and automated payroll deductions create such an easy and obvious way to save tax-free dollars. Once you set up an HSA you are set to save month after month; money you can use today or save for retirement.

Common HSA fees can steal money from your health savings. Let us help you understand costs you can watch out for when evaluating your current or future HSA provider.

Common fees

Monthly maintenance fees (for individuals): this is a set fee just for having an account with your HSA provider. Debit card or ATM transactions and check processing fees for paying for health related expenses. Copy of statements both monthly and tax forms so you can properly report and track your HSA usage. Legal fees often associated with legal processing related to your HSA account. Account closure that's right! If we want to move to a new HSA provider, you might be charged to get out of your contract. Debit card replacement if lose your card, you may need to pay a small fee to replace it.

Investment fee considerations

Some accounts charge you fees to access investments or require a minimum balance in order to invest. When you are investing your HSA, pay attention to these requriements:

  • Minimum account balance: often you will find minimum account balance requirements to invest, such as $1,000/account.

  • Pre-selected funds: HSA providers will limit the number of mutual funds for individuals or add fees for non-restricted access. Be aware of the availability before you commit to a new HSA provider.

Investment minimums can limit the amount that you are able to save over time. Take the time to investigate any hidden or unknown fees your HSA provider charger to ensure they aren't stealing value from your health account.

At Lively, we believe in 100% transparency, including pricing. You won't get nicked and dimed at Lively. Here are our full pricing details, but to save you some time, Lively is free for individuals. If you are ready to open an HSA with no hidden fees and access to industry-leading investment options, reach out to us today.



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


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


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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