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Lively Partners with Maxwell Health

Lively · March 26, 2020 · 3 min read

average-cost-of-healthcare-for-sbo

Integrating and Offering A Fully Automated Benefits and HSA Experience

Lively is pleased to announce an integrated benefits and health savings partnership with Maxwell Health. The cornerstone of the partnership combines two modern platforms to offer a better experience for both employers and employees.

Maxwell Health and Sun Life have joined forces, bringing insurance and technology together to create the first carrier-distributed technology platform. As a result, they are able to offer a painless benefits and HR experience that’s easier and better in the ways that make a difference. A single technology platform that rounds out your HR ecosystem and supports all of your benefits, period.

According to our 2019 Wellness and Wealth Report, less than one-third of employees fully understand their healthcare benefits. Modern providers like Lively and Maxwell Health address this issue head-on, providing technology and intuitive experiences that empower employees to make educated decisions about their benefits. Our partnership is designed to accelerate this understanding.

The Lively and Maxwell Impact

  • Technology Backed with Service - Two providers with the same approach, modernizing the benefits offering and experience with easy-to-use interfaces. This is backed with expert and accessible account and customer experience teams.

  • Integrated Experience - An exceptional benefits offering and experience requires an easy-to-use interface. A modern partnership needs to offer the convenience of an integrated experience so employees and employers alike can save time and get more from their benefits experience.

  • Real-Time Benefits and HSA Tracking - Both Maxwell and Lively allow consumers to access and review their benefits portfolio any time of the year through a web-based portal or a mobile app, helping them fully utilize the value of their benefits package.

Healthcare costs are the highest expense for many U.S. households, making them top of mind for employees. Offering integrated partnerships, with automated platforms like Maxwell Health allow employers and employees to better understand their benefits offerings and take control of their healthcare coverage and savings. Get a Maxwell Demo.

About Maxwell Health

Maxwell’s mission is to make better health and financial security possible for all Americans by simplifying benefits and insurance. Maxwell Health is a marketplace that empowers consultants and employers to offer the best benefits to employees, helping them achieve better health and financial security. The platform automates HR and benefits administration, providing a user-friendly experience for employees to understand, shop for, and use their benefits.

About 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.

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

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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