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Lively Raises $80 Million in Series C Funding Round
Lively · October 13, 2021 · 2 min read
Today, we are excited to announce the next phase of Lively’s growth, with an $80 million Series C round led by B Capital Group, with participation from Telstra Ventures and existing investor, Costanoa Ventures. This brings Lively's total funding to more than $120 million to accelerate its mission of helping millions of Americans save for healthcare and retirement. You can read the full press release here.
This announcement comes during a year of supercharged growth for Lively. Last week we were proud to be named a ‘top HSA provider’ of 2021 by Morningstar for the third consecutive year.
“We are growing 4 times faster than legacy incumbents and will cross $1 billion in assets early next year, becoming the fastest HSA provider to do so, ever,” said Alex Cyriac, CEO and co-founder of Lively. “This newest round of funding enables us to continue on our mission to help Americans prepare for the rising cost of healthcare both today and into the future."
The additional infusion of capital will allow Lively to further invest in our industry-leading, consumer-centric platform and foster more relationships with America’s top financial institutions. It will enable us to expand Lively’s offerings to encompass all of the healthcare and financial tools Americans need to maximize their finances and overall livelihood.
Lively will continue to offer a personalized and modernized version of healthcare spending with tailored customer service and unique partnerships not found anywhere else in the industry. We started by putting the consumer first and as we grow we are committed to continue to drive value for them and empower all of Lively’s users to confidently embrace a healthy future.
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.
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.
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.
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