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Why Should a Small Business Offer Employees a Health Savings Account?

Lively · April 18, 2018 · 3 min read


Who wants to add another new benefit to your existing stable of employee benefits? Most are time intensive and cost prohibitive. This is the anthesis of what an SMB owner needs. Employers and employees are left stuck in the mud. The same benefits year over year, with a higher price tag. Will offering an HSA break this cycle?

The Benefits Equation

Benefits options aren’t just about adding something new. They need to create clear cost vs. expense value for employers and employees. This usually comes in the form of increased employee productivity or retention.

Will this benefit increase your profit or keep you competitive when recruiting employees? This is the simplest equation that employers can use to evaluate benefits.

What is the Value of an HSA for Small Business?

Small businesses need to find benefits that don’t cost them much time or money. They need to find benefits that employees want. An HSA might be one of the few benefits that check all of these boxes. However, an HSA cannot exist on its own. It works in conjunction with an HSA-eligible health plan, like an HDHP.

HSAs create a direct avenue for employees to save pre-tax dollars for health expenses. Younger employees  (with lower expected out-of-pocket costs) can use their tax-advantageous HSA account to invest their HSA dollars.  Older employees or employees with families (with higher expected out-of-pocket costs) can use their pre-tax dollars to limit the real dollar increase in medical costs year over year. They can also use the money they might have saved in their HSA from years past. HSA funds never expire.

In all situations, this means more financial stability for employees. This means less productivity loss for employers. Healthy employees are productive employees.

With all of these varied benefits, employers might expect a big price tag. Unlike rising health premiums costs, your employer-sponsored HSA  has a simple set monthly cost, at least with Lively.

Is an HSA an Industry Standard Offering?

Not yet, but we are close to the tipping point. In 2016, 29% of employes offered an HSA-eligible health plan. Over 22 million Americans have an HSA. HSAs are growing at a faster rate than the 401(k) industry.

This means if you aren’t educating yourself and reviewing HSA providers you should be. As a small business, if you aren’t offering an HSA, you likely will be soon!

If you need more help with health account 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.



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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