30 sec brief
Anyone familiar with the HSA knows about the triple-tax benefits (outlined below) that they create. But we are here to tell you there is one more HSA advantage you might have missed. A no fee, 100% free HSA. Welcome to the new quadruple savings advantage HSA.
Quadruple HSA Savings
Triple-Tax Advantages – These include tax-deductible contributions, tax-free interest, and tax-free withdrawals (for qualified out-of-pocket medical expenses) which means you can use tax-free money from your HSA to pay for health expenses. There might not be a more actionable way to limit the increase in healthcare premiums and expenses, year over year to your bottom line.
Most HSAs stop here. Triple tax advantages are substantial and they are a key the selling point for all HSAs, including Lively. The more you can save, the more money you have for health costs. What if we can take it step farther to save you more money?
The Lively Fourth HSA Advantage – No fee, 100% Free Lively HSA. The days of being nickeled and dimed, having money stolen from your HSA, by your HSA provider are over. With that, we have created a new HSA benefit – a Free HSA for individuals (and families). A free HSA lets you use your HSA to its maximum potential, save the most off your health costs and get your HSA money when you need it most. Don’t lose this advantage and get saddled with monthly HSA fees, debit card usage fees, and other hidden costs.
These funds can sound trivial, but HSA fees average $26/year, over the life of your HSA, using our HSA calculator, this is almost $1,000 in additional savings* in your HSA. $1,000 extra dollars for doing nothing. Don’t let other providers take that money away from you. This really shows the value of a Free Lively HSA.
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.
*Assumes $26 in HSA savings each year with 3% annual returns, over a 25 year period.
About the author
We are HSA Experts! Lively is a Health Savings Account (HSA) platform for employers and individuals. A 401(k) for healthcare.