Lively and Parasail Health

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Lively is pleased to team up with health insurance payment platform, Parasail Health, to help individuals plan, manage and pay for healthcare expenses with tax-free money.

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Lively is pleased to team up with health insurance payment platform, Parasail Health, to help individuals plan, manage and pay for healthcare expenses with tax-free money.

Unexpected healthcare costs are a detriment to our health and financial well-being. We can do our best to plan for these costs but are often left unable to pay for them. Finding ways to pay for these costs, especially as they continue to rise, in the most affordable (and tax-free) way can help provide the financial security you need. Why worry or pay more when you can pay less and know exactly what is required of you?

The health care system wasn’t built to make things easier for patients… it was designed to help payments flow between large insurance companies, employers, and medical groups. Parasail is here to fix that. Everything they make is designed to put the needs of patients back at the center of health care. Parasail products demystify healthcare and the associated costs so you can plan, manage and pay for your care.

Healthcare Problem

Parasail exists to help make healthcare more simple and affordable. They do this by creating new tools for patients to plan, manage and pay for their care so that doctors get paid fairly for their work and patients avoid financial ruin – and everyone can get back to focusing on treatment instead of payment.

You can use Parasail to manage your medical expenses and continue access to quality healthcare. Use a Lively HSA to pay for health costs with tax-free dollars. HSAs benefits include triple-tax advantages (tax-deductible contributions, tax-free interest and tax-free withdrawals (for medical expenses)) to pay for qualified out-of-pocket medical expenses. Combine the powers of both to manage and pay for healthcare expenses to save time and money.

Out-of-pocket healthcare costs are on the rise. In fact, they are expected to exceed $275,000 for couples in retirement.  Any users who signs up with Parasail Health and has an HSA-eligible healthcare plan can also enjoy the benefits of opening up a Lively HSA. Individuals will enjoy all of the key features of the Lively HSA platform including our intuitive software, paperless account management, an FDIC-insured, interest-bearing account and of course simple, transparent pricing and access to personalized HSA investment solutions. Lively’s HSA is free for individuals and families, and there are no cash minimum requirements to invest. Lively’s HSA is free for individuals. This includes our self-directed investments capabilities through TD Ameritrade.

For more information on Parasail Health please visit or follow them on Twitter (@parasailhealth). If you need more help with HSA decisions, check out our blog. We will make you a healthcare benefits expert in no time, without any extra work or effort on your end.

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.