About Lively

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.

```xml <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. </problem> <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). </solution> <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. </features> <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. </target_audience> <revenue_model> Lively generates revenue through a per-employee-per-month (PEPM) fee for business accounts, priced at $2.95, with a monthly minimum of $200. </revenue_model> ```

What does Lively do?

Where is Lively located?

Lively is based in San Francisco, United States.

When was Lively founded?

Lively was founded in 2016.

How much funding has Lively raised?

Lively has raised 122200000.

Location

San Francisco, United States

Founded

2016

Funding

122200000

Employees

181 employees

Major Investors

B Capital, Y Combinator, Bossa Invest, Titanium Ventures, Fifty Years

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Lively

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Executive Summary

livelyme.com 10K+

Crunchbase

Founded 2016 – San Francisco, United States

Funding

Estimated Funding

$100M+

Major Investors

B Capital, Y Combinator, Bossa Invest, Titanium Ventures, Fifty Years

Team (100+)

No team information available.

Company Description

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).

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.

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.

Revenue Model

Lively generates revenue through a per-employee-per-month (PEPM) fee for business accounts, priced at $2.95, with a monthly minimum of $200.