HSA Plan Services

Standard pricing is $2.95 per participant per month. This may vary depending on the number of enrolled employees or preferred pricing.

Lively offers two industry-leading solutions to help employees build toward their financial goals, both with the capability to start investing right away: Schwab Health Savings Brokerage Account by Charles Schwab and HSA Guided Portfolio by Devenir.

Whether they prefer to be more hands-on or receive personalized guidance, we have a solution that’s right for them.

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.

 

Most onboardings are typically completed within 30 calendar days.* Your dedicated customer success team can enable HSA or Benefit Access debit cards to be in hand by:

Step 1 – Employer Sign-up

Step 2 – Kick off call with customer success team

Step 3 – Employee Enrollment

Step 4 – Contribution Management

Final Step – First Funding

 

*Third-party dependent

• Comprehensive online dashboard - Your Midland HSA, Powered by Lively admin dashboard serves as the single source of truth for your HSA program, so you always have the latest information and actions needed.
• Automation and reporting - Effortlessly keep an eye on program performance with robust on-demand reporting and automated alerts.
• Streamlined configurations - From funding to enrollment management, Midland and Lively work with you to design your HSA program to align with your existing tech stack and business objectives.
• 360 service model - Our engaged team is with you every step of the way, from initial set-up and adoption to maximizing utilization and performance.