Health Savings Account Resources

Lively is based on a PEPM (per enrolled employee per month) pricing structure: The standard pricing is $2.95 per employee. There are no other fees.

Lively is free for individuals and families.

Lively offers access to two industry-leading HSA investment solutions, with no cash minimum requirements. Whether you prefer to be more hands-on or receive personalized guidance, we have a solution that’s right for you:

HSA Guided Portfolio (by Devenir) makes it simple for investors to receive personalized suggestions based on their individual risk preferences and time horizon.

Self-Directed Brokerage Account (by TD Ameritrade) provides investors with a wide range of stock, bond, and fund options they need to design and manage their ideal portfolio how they want.

Learn more about Lively’s integrated HSA investment solutions here.

Employer contributions to eligible employees’ HSAs must be treated as comparable. Comparable contributions must be made to all eligible employees enrolled in a qualifying HDHP, are in the same category of employment (full-time, part-time, former employees, and collectively bargained), same category of coverage (self, self +1, self +2, self +3). In order for it to be considered comparable, an employer must contribute the same dollar amount or percentage amount to everyone in that category. Additionally, the higher coverage categories can’t have a lower contribution amount compared to the lower coverage (self +1 has to be greater than self).

For sole proprietors, partnerships, and S-corporations, contributions to a partner’s HSA will be treated as a distribution to the partner and included in the partner’s income and may be deductible by the partner but not by the business. For larger corporations (e.g., C-corps), employer contributions are treated as employer provided coverage for medical expenses under an accident or health plan and therefore tax-deductible.

Employees own their HSA and continue to do so if they leave your company or the health plan.

Once Lively receives the termination information, we convert the HSA from an employee account to an individual account and remove the employee’s association to your company. We will send them communications around the ongoing benefits of their Lively HSA and inform them the account is fee-free for them moving forward.