Lively offers a Health Savings Account (HSA) platform that provides individuals and employers with a transparent, fee-free structure for managing healthcare savings. The platform simplifies benefits administration through user-friendly technology, enabling efficient contributions and personalized investment options while enhancing employee engagement and satisfaction.
Funding
$122.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TVFounders
Product
Problem
Managing healthcare savings and benefits can be complex and costly for both individuals and employers, often involving hidden fees and cumbersome administrative processes. Traditional health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs) can lack transparency and user-friendly technology, leading to lower employee engagement and inefficient benefits administration.
Solution
Lively provides a platform for individuals and businesses to manage Health Savings Accounts (HSAs) and other flexible benefits with a focus on transparency and ease of use. The platform offers a fee-free HSA option for individuals, coupled with intuitive tools for managing contributions, investments, and healthcare expenses. For employers, Lively streamlines benefits administration with an intuitive dashboard, automated contribution management, and personalized investment options, all designed to increase employee adoption and satisfaction. Lively also offers Flexible Spending Accounts (FSAs), Lifestyle Spending Accounts (LSAs), and Health Reimbursement Arrangements (HRAs).
Target Audience
Lively targets individuals seeking a transparent and easy-to-use HSA, as well as employers, brokers, and consultants looking to streamline benefits administration and improve employee engagement with health savings and spending accounts.
Features
- Fee-free Health Savings Accounts (HSAs) for individuals and families with FDIC-insured cash balances.
- Investment options for HSA funds, allowing users to grow their healthcare savings over time.
- Intuitive dashboard for employers to manage employee benefits, contributions, and enrollment.
- Automated claims processing and AI-driven approvals for faster reimbursements.
- File Sync tool for faster onboarding, compatible with any provider.
- 24/7 employee support via AI chatbot and access to a support team.
- LivelyIQ provides dynamic tools and education to help employees make informed benefits decisions.
- Mobile app for account management, expense tracking, and contribution management.
- Integration with payroll and benefits administration systems.