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More Millennials Than Ever Are Using HSAs

Lively · April 24, 2018 · 1 min read


Millennials are often chastised for their spending and savings habits. They love their morning coffee but aren’t saving enough money for their future. You might not know, they love HSAs as much as they love their morning frappuccinos.

Millennial HSA Growth

In a study of 1.3 million employees from 540 large employers, HSA participation among millennials has skyrocketed by 76% in 2018. This was a significant increase from the 40% increase in 2017.

Millennial HSA contributions also increased by 15% for family plans ($2,305) and 13% for individual plans ($1,139). Please note the IRS sets annual contribution limits, but millennials still have lots of room to increase their yearly contributions to save more for their health.


Generation X and Baby Boomer HSA Participation


But not to be outdone, HSA participation for Generation X increased to 85%, following closely by Baby Boomers at 84%. In general, this study showed the nuances of a more general trend in employer-sponsored HSAs.  In 2016, 29% of employers offered an HSA-eligible health plan. One of the many reasons HSA accounts grew to over 22 million in 2017.



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


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


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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