Are you with Lively HSA: a Health Savings Account with no hidden fees? Verify this platform
Lively HSA: a Health Savings Account with no hidden feesUNVERIFIED PLATFORM
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Snapshot
Open to US Investors
Robo Advisor
+88.10%
200+ Employees
With experience across health insurance, investment banking, and corporate development.
Varied
Target Return
Depending on the HSA plan, size, or assets invested in.
High
Liquidity
Users can sell any time
200+ Employees
With experience across health insurance, investment banking, and corporate development.
How You Earn
Growth + Income
Invest From
$1
Invest in
Stocks & Robo Advisor
200+ Employees
With experience across health insurance, investment banking, and corporate development.
Open to US Investors
Top Perks of Investing in a Health Savings Account
Making tax-free HSA withdrawals for qualified medical expenses.
Choose from a variety of investment options, like stocks, bonds, mutual funds, and ETFs.
Keep your HSA balance year-to-year with no "use-it-or-lose-it" policy.
Making HSA withdrawals for non-medical expenses without a penalty after age 65.
Grow your funds tax-free. Earnings in your HSA from interest and investments are tax-free. This makes an HSA a great way to save for the future, as you won’t be paying tax on your money as it grows.
Can I trust Lively?
Lively is backed by Venture firms like B Capital Group and Costanoa Ventures.
Hundreds of Thousands
# of Users
$120M+
Amount Raised
1,000+
Offerings
# of Users
Hundreds of Thousands
Amount Raised
$120M+
Offerings
1,000+
Hundreds of Thousands
# of Users
$120M+
Amount Raised
1,000+
Offerings
Overview
In 2020, the HSA market was estimated to worth $77.8 billion. By the end of 2021, the HSA market grew 27% year-over-year. This growth demonstrates the increasing demand for tax-advantaged healthcare savings and investment vehicles to support long-term financial goals.
Lively stands out as a leading benefits solutions provider with a mission to simplify and enhance the way people save and spend their healthcare funds. By providing integrated investment solutions, Lively empowers investors to build and manage portfolios tailored to their unique financial goals while offering distinctive features, such as accessible investment options, seamless transfers, and exceptional customer support.
High Growth
9% growth in HSA accounts created in 2022
High Correlation
0.9345 correlation to the S&P 500
Equity
Ownership in stocks, bonds & ETFs
Lively Pros & Cons
The Good
A Health Savings Account with no hidden fees.
Provides investment options through partnerships with Charles Schwab and Devenir.
No minimum balance required.
No hidden fees.
Web access plus mobile app.
The Not-So-Good
Users must be enrolled in a qualifying high-deductible health plan (HDHP), which may not suit everyone's healthcare needs.
Lively's HSA may not always synchronize with a user's employer benefits plans, requiring users to manage their HSA independently.
Lively Track Record
FDIC-Insured
Up to $250k
4.8/5 Star Rating
#1 user rated HSA
$1 Billion+
AUM
Held In HSA assets
Robo Advisor Returns Calculator
Calculate how much you can earn by investing in Robo Advisor. Results vary based on the investment amount, term, and other conditions.
Invested
$2,200
Projected Fees
$11.88
Projected return
$164.12
Value after fees
$2,364.12
How it Works
Here’s how Lively helps investors save and invest with HSA:
Here’s how Lively helps investors save and invest with HSA:
1
Create a Lively HSA account
Visit the Lively site and sign up for a free Health Savings Account (HSA). Complete the required personal and financial information, which typically includes your name, Social Security number, date of birth, and contact details. If you are opening an HSA through an employer-sponsored plan, your employer will likely provide enrollment instructions.
2
Fund your HSA
Once your HSA is set up, deposit funds into your account. Contributions can be made via pre-tax payroll deductions, direct transfers from your bank account, or by rolling over funds from a previous HSA.
3
Choose Your Investment Options
Lively offers two investment options to grow your HSA funds: the Schwab Health Savings Brokerage Account (self-directed) and the HSA Guided Portfolio by Devenir (guided). Assess your risk tolerance, financial goals, and investment preferences to choose the option that suits you best.
4
Start Investing and Managing Your Portfolio
Once your funds are transferred to your chosen investment platform (Schwab or Devenir), start building and managing your investment portfolio by selecting stocks, bonds, mutual funds, or ETFs. Periodically review your allocation to ensure it aligns with your objectives and risk preferences. Make adjustments as needed to stay on track with your financial goals.
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How You
Make Money
Investing in a Health Savings Account (HSA) provides multiple financial benefits, including the ability to withdraw money tax-free for eligible healthcare expenses. Additionally, the funds in an HSA can be invested in various options like stocks, bonds, mutual funds, and ETFs. The balance in an HSA account carries over to the next year with no time limit for use, which is not the case for other healthcare savings accounts. After age 65, HSA withdrawals for non-medical expenses are penalty-free, offering financial flexibility to seniors. Moreover, interest and investment earnings on the HSA balance are tax-free, leading to significant savings and making it a lucrative option to save money for the future.
Through Lively's HSA investment options through Charles Schwab or Devenir, users can make money when they either sell their investment or receive cash dividends from their holdings (which can be reinvested).
Primary Sale
Selling a stock or ETF
Interest Payments & Dividends
From bonds & dividend stocks
How Lively
Makes Money
Lively makes money through fees associated with its HSA investment options:
1- Health Savings Brokerage Account (by Charles Schwab): offered two ways to set up your Schwab HSBA account. You can either invest with no minimum restrictions after a $24 annual fee from Lively or invest anything above $3,000 in your cash account for no additional fee from Lively. (Additional investment fees from Charles Schwab may apply.)
2- HSA Guided Portfolio (by Devenir): Lively charges a 0.50% annual management fee for access to investment capabilities through the HSA Guided Portfolio by Devenir, including automated features such as rebalancing. The fee is based on invested assets and debited quarterly.
$0 or $24
Fee Per Year
For Schwab Health Savings Brokerage Accounts
0.05%
Fee Per Year
On assets invested through the HSA Guided Portfolio by Devenir
How You’re Taxed
HSAs have a triple-tax advantage:
- HSA contributions are tax-free. For example, if your tax rate is 22 percent, and you contribute the maximum amount for 2022, which is $3,650 for an individual, and $7,300 for a family, you could save $803 and $1,606 respectively, in tax payments. If you’re over 55 and not yet enrolled in Medicare, you can contribute an additional $1,000 per person, per year. That’s an additional $220 in tax savings.
- HSAs grow tax-free. This makes HSAs a great tool to save money for the long term, including for retirement. As you contribute money over the years you won’t be hit with tax bills along the way, so you can continue building up a nest egg for later in life.
- HSA distributions for qualified healthcare expenses are tax-free. There are myriad qualified expenses, including co-pays, prescription drug costs, and your deductible. If you bought a traditional healthcare plan your annual deductible may be lower, but you would have to pay for it, and other medical expenses, with after-tax money
0-31.8%
Capital Gains & Income Tax
Investments held for >1 year benefit from long-term cap gains tax
Meet the Team
Lively has over 200 employees with experience across health insurance, investment banking, and corporate development.
Alex Cyriac, the CEO and co-founder is an experienced entrepreneur with years of investment banking, corporate development, and M&A experience. He was Head of Operations at JustWorks, Vice-President, Business Development at WorldPay, and Business Development Manager at Global Collect.
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Who’s Investing In Robo Advisor?
Lively HSA: a Health Savings Account with no hidden fees
Here's what you'll need to invest on Lively
US residents
Accredited & non-accredited investors
US residents
Accredited & non-accredited investors
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FAQs
Lively is a benefits solutions provider that specializes in Health Savings Accounts (HSAs), enabling users to save and invest their healthcare funds seamlessly and efficiently.
As a reliable and established company since 2016, Lively is a legitimate provider that has gained trust through transparency, exceptional customer support, and strong partnerships.
Lively works by providing a user-friendly platform where individuals can set up and manage their HSAs, and make investments through available options like the Schwab Health Savings Brokerage Account or the HSA Guided Portfolio by Devenir. By facilitating HSA investments, Lively helps users grow wealth and prepare for future healthcare costs or retirement.
To be eligible for an HSA, you must have a qualifying High-Deductible Health Plan (HDHP), no other health insurance coverage, no General Purpose FSA, and not be claimed as a dependent on someone else's tax return. Additionally, you must be aged between 18 and 65 and not enrolled in or eligible for Medicare or Medicaid.