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Why an HSA with a Debit Card is Better Than an HSA Without One

Lively · September 30, 2019 · 3 min read


Most HSAs function in one of two ways: either an administrator holds on to your money and waits until you submit a claim before reimbursing you for your out-of-pocket expenses or your HSA issues you a debit card so that you have direct access to your savings.  At Lively, we make things simple for our account holders. Upon sign up for a Lively HSA, we send our account holders a Lively branded HSA debit card.

Here’s why we do this:

Providing direct access to HSA funds takes the financial burden off of you. 

With 59% of Americans living paycheck-to-paycheck, and only 38% of them having access to an emergency fund, the likelihood that a patient would have to choose between basic necessities and necessary health treatment is high.  Even if they know they will be reimbursed for the out-of-pocket expense in the future, many people can’t afford to wait even two weeks for the disbursement, which means that they’re likely to forego the medical procedure.

Alternatively, if the patient is one of the 71% of Americans who have a credit card, they can choose to use it to pay for their treatment (provided they have enough remaining on their available balance).  However, if they don’t receive their disbursement within 30 days, they’ll end up paying interest on the out-of-pocket expense, which increases the overall cost of their medical care.

However, if patients pay their medical providers for out-of-pocket expenses with an HSA debit card, not only are they able to get the treatment they need without having to choose between groceries and a copay, it can also reduce the overall cost of their treatment.

Easily View and Manage Funds Online.

One of the perks of having a debit card attached to our HSA is that you can easily track and manage all of your funds online. Whether that’s monitoring your employer’s contribution, setting up a recurring contribution from your personal account, or investing your HSA funds, you’ll be able to access all of this information from the Lively dashboard.

By ensuring that all of your transactions are documented online, you’ll be able to stay compliant within the IRS’s guidelines for HSAs. You can easily attach receipts to expenses. In the event that you are ever audited by the IRS, this can help you maintain compliance.

No hidden fees. 

Traditional HSAs often charge monthly fees to maintain accounts, unless you maintain a certain account balance. Other HSAs may require you to pay a fee based on how many times you access your account. 

Here at Lively, we don’t charge you anything to open and maintain an HSA. We believe that the funds that you have in your HSA are just that – yours. Which is why we created an account with no hidden fees or extra expenses.

We want your HSA to empower you to make the best medical decisions for you and your family, and the best way to do that is to give you complete control of your HSA with the Lively debit card.



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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