30 sec brief
Saving for health costs can be tedious, frustrating and downright expensive. Healthcare costs only continue to rise. The certainty of healthcare in the US remains confusing. This is likely why the concept of “free” with “healthcare” is like trying to force a round peg into a square hole. Traditional HSA providers have been another piece of this…
100% Free HSA
HSAs help save tax-free dollars for healthcare costs and have always helped offset the costs of healthcare, but the fees associated with them have hurt these cost savings. Why can’t there be a 100% free HSA that makes it simple and easy to save money for healthcare?
This was one of the founding principals of Lively and our free HSA. Co-Founder Alex Cyriac explains, “What concerns us is that existing HSA companies are clunky, outdated, and expensive. In fact, we found certain providers didn’t make it easy to get your money out when you needed it most. They take weeks to process paperwork, offer lackluster customer service and nickel and dime their customers with hidden fees like debit card usage, account statements, legal, transfer, etc.”
We expect this is why Morningstar’s most recent HSA analysis found only 3 of the top 10 HSA as an effective spending vehicle and noted: “there’s room for improvement across the board.” We are proud to say, Lively would rank as a top HSA “spending” vehicle based on their HSA criteria (fees, account interest, etc.).
This is likely why Lively is now the top-ranked HSA on HSA Search out of hundreds and hundreds of HSA providers.
Lively Co-Founder Shobin Uralil adds, “Our goal is to facilitate how individuals optimally save for and spend money for their health expenses from their HSA account. We want to provide HSAs to as many qualified individuals as we can and help provide a solution today, to rising healthcare costs.”
HSAs provide the offset cost savings for rising healthcare premiums, by allowing you to save and spend tax-free money on qualified out-of-pocket health costs. See if you are eligible here and sign up today. What are you waiting for, it’s free!
If you need more help with open enrollment 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.
About the author
We are HSA Experts! Lively is a Health Savings Account (HSA) platform for employers and individuals. A 401(k) for healthcare.