COVID-19’s influence on 2020 HSA spending and healthcare costs was significant. Even with so much uncertainty and change, one element remained steady in 2020—Americans continued to use their HSA how it was intended: for standard, yearly medical expenses. 86% of annual HSA spending is being used for expected costs and routine visits.

On December 27th, 2020, President Trump signed the Consolidated Appropriations Act into law. This law has several budget line items, but the important part is how it affects employers who currently offer any kind of Flexible Spending Account (FSA). If your company offers or has offered any type of FSA (Health, Limited Purpose, and Dependent Care) in 2020, take a look at this article to see how this law affects you.

The HSA industry constricts the typical HSA account holder into their vision of who and how to market the HSA offering's value to all account holders. The most important finding is that provider expectations of the typical HSA account holder are wrong or at least vastly misinterpreted.

Lively helps your HSA go further by offering access to two industry-leading investment solutions. Build toward your financial goals with innovative features, flexible portfolio design, and no cash minimum requirement to get started.

Lively is pleased to announce an integrated benefits and health savings partnership with Maxwell Health. The cornerstone of the partnership combines two modern platforms to offer a better experience for both employers and employees.

While contribution limits have not changed for the 2019 tax year, the federal income tax filing deadline has. The new July 15, 2020 deadline provides those who haven’t maxed-out their 2019 HSA contribution the opportunity to contribute whether they’ve filed their federal income tax return, or not. Discover if the postponement impacts your 2019 HSA contributions and what you can do next.