What is more valuable: your health, your money or your privacy? With an HSA, you don’t need to decide because it includes all three. Your HSA privacy might include many factors, but the result must be finite. Your HSA funds need to be safe. Your HSA information needs to be secure. Your HSA contributions and transactions need to stay private.
How and what you do with your HSA (as long as it’s compliant with IRS tax regulations), is your business. Your HSA security and privacy go hand in hand. Here is how Lively protects your HSA.
HSA HIPAA Compliance
Lively adheres to HIPAA compliance standards so we are required to keep your sensitive personal health information safe. Did you expect anything else? HIPAA compliance sets the standard to protect your sensitive personal health information. This means the personal information or transaction data you enter in Lively stays private.
HSA Banking Information & FDIC Insurance
You save money in your HSA for qualified out-of-pocket medical expenses or maybe for retirement. Your money needs to stay safe and secure. That’s why every Lively HSA account is backed by FDIC insurance (up to $250,000 per HSA account). You can worry about saving, not your funds at Lively.
HSA & Your Personal Information
Losing your personal information to hackers is frustrating, scary and unfortunately is happening way too often. While no organization can guarantee perfect security, they can set aggressive standards and practices to fight against any leaks.
At Lively, your data is encrypted “over the wire” using SSL and on disk using AES 256. Passwords are secured in the database using a pbdkf2 password-based key derivation function. We take the security of your data very seriously.
HSA Employee Confidentiality
At Lively, we work with individuals, families, employers, and employees to help them maximize their HSA benefits. Along the way, we work to build your confidence, and we always keep your information, just yours. We will never share your data without your consent.
Trust, privacy, and security go hand in hand just like your money, health, and personal details. A company that houses your money and personal details for health savings needs to have your trust. Nothing is more important to us than ensuring your privacy and security at Lively.
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.