Lively HSA Monthly Fee Official 2026 Checklist (2026) | HSA

Visit Lively's official 'Pricing' or 'Fees' webpage.

Primary provider pages are the definitive source for fee information, not third-party reviews which may be outdated. This confirms the Lively HSA monthly fee official 2026 is $0.

Confirm 'Monthly Maintenance: $0' is listed for individual/family accounts.

This is the central promise of a no-monthly-fee HSA. Verifying it on the official page eliminates confusion and provides a reference if you are ever incorrectly charged.

Check that 'Account Opening: $0' and 'Account Closing: $0' are also listed.

Some providers charge setup or termination fees. Lively's $0 for both makes it easy to start and leave without penalty, giving you flexibility.

Verify 'Funds Transfer (Out/In): $0' for standard transfers.

Transferring money to or from another bank should not cost you. This fee waiver is important for account consolidation or moving funds for better investment options elsewhere.

Look for a statement confirming no minimum balance fee.

You don't want to be penalized for having a low account balance, especially when starting out or after a large medical expense. Lively's pricing page states this explicitly.

Note the claim of no excess contribution fee.

Accidentally over-contributing to an HSA triggers IRS penalties. While Lively won't add a fee on top, you are still responsible for fixing the error and paying the 6% excise tax to the IRS.

Screenshot or print the pricing page for your records.

Having dated proof of the fee schedule protects you if Lively's policy changes and you need to reference the terms under which you opened your account.

Find the section for employer or business pricing on Lively's site.

Employer plan fees are structured differently. Lively lists $0.00 PEPM with a $200 monthly minimum, which is key information for your HR or benefits manager.

Note the potential $200 monthly minimum for employer plans.

For small businesses, this minimum can make the effective per-employee cost higher than the $0 PEPM suggests. It's a critical budgeting detail for companies with few employees.

Cross-reference with Lively's support article mentioning $2.95 PEPM.

Discrepancies between marketing pages and support docs may indicate different service tiers. Understanding this helps you ask informed questions if your employer is considering Lively.

Confirm with your HR that your personal monthly fee is $0.

Even if your employer pays an administration fee, your individual account should still have the $0 monthly maintenance fee. Get this confirmation in writing from your benefits team.

Ask if your employer covers the $24 annual investment fee.

Some companies negotiate to pay investment platform fees as an employee benefit. This can make Lively's investment option completely free for you, beyond just the core account.

Locate details on the Schwab Health Savings Brokerage Account.

This is Lively's primary investment portal. Understanding its features and the associated $24 annual fee is essential for long-term growth planning.

Memorize the $3,000 cash balance waiver for the $24 annual fee.

Keeping $3,000 in your Lively cash account makes the investment platform free. This strategy effectively gives you a $0 all-in cost HSA with full investment access.

Review the 0.50% annual fee for the HSA Guided Portfolio.

This managed portfolio option has an ongoing cost. Compare this fee to the expense ratios of funds you could choose yourself in the brokerage account to decide which path is cheaper.

Check the minimum to open the Guided Portfolio or brokerage link.

Some investment options require a minimum initial deposit. Knowing this helps you plan your contributions to reach the threshold needed to start investing.

Compare the fund expense ratios within the investment platform.

The $24 fee is just the account access cost. The underlying funds (like ETFs or mutual funds) have their own expense ratios, which are the most significant long-term cost driver.

Note that Fidelity also offers a $0 monthly account fee.

Fidelity is Lively's main competitor on price. Your decision may come down to investment options, user experience, or other features since the base fee is the same.

Identify competitors that charge $2.50 to $3.95 per month.

Many other major providers have monthly fees. Choosing Lively or Fidelity over these can save you $30 to $50 per year, which compounds if invested over decades.

Check if competitors require a $1,000+ minimum to start investing.

Lively has no minimum to open the core account, though the $3,000 waiver is for the investment fee. Some providers lock investing behind a minimum balance, delaying your growth.

Compare the structure of investment platform fees.

Some providers charge a monthly or quarterly investment fee instead of an annual one. Calculate the total yearly cost to make an apples-to-apples comparison with Lively's $24 fee.

Assess the transparency of each provider's fee disclosure.

Lively's pricing page is noted for its clarity. A provider with hard-to-find or confusing fee information may have costs you discover later, leading to frustration.

Set up online account access and paperless statements.

Managing your account digitally is the easiest way to monitor transactions, check your balance, and ensure no erroneous fees appear on your statement.

Link your primary checking account for contributions.

A linked bank account allows for easy, fee-free transfers to fund your HSA, whether through payroll deductions (best for tax savings) or manual contributions.

Decide on your cash balance strategy relative to the $3,000 waiver.

Plan whether you will keep $3,000 in cash to avoid the investment fee or accept the $24 cost to invest that money. This decision affects your overall returns.

Schedule an annual calendar reminder to review HSA fees.

Provider fee structures can change. An annual review, ideally during open enrollment, lets you reconsider your provider choice and switch if a better option emerges.

Keep a dedicated folder for HSA statements and fee disclosures.

Organized records simplify tax preparation, provide proof of qualified expenses, and document the fee schedule you agreed to when you opened the account.

Confirm you are enrolled in a qualified HDHP for 2026.

You can only contribute to an HSA if you have a High Deductible Health Plan. For 2026, the minimum deductibles are $1,700 for self-only and $3,400 for family coverage.