Lively HSA No Monthly Fee Official Policy 2026 | HSA Tracker

The first step is to determine if your Lively HSA is an individual account or part of an employer-sponsored group plan. The lively hsa no monthly maintenance fee official policy applies strictly to individual accounts you open yourself. If your account was opened through your workplace benefits, it falls under the employer plan pricing.

Go directly to Lively's official pricing or FAQ page. Look for the 2026 disclosure. You should see a clear table listing $0.00 for 'Monthly Maintenance Fee' for individual and family accounts. For employer plans, you will see the $2.95 PEPM fee noted. Also confirm the $0 fees for debit cards, account events (open/close/transfer), and reimbursement requests.

The only potential recurring fee for an individual Lively HSA is the $24 annual fee for the Schwab brokerage investment option. Crucially, this fee is waived if your HSA cash balance is $3,000 or more. Review your investment strategy. If you intend to invest most of your funds, you must decide whether to maintain a $3,000 cash cushion to avoid the fee or accept the $24 cost for greater investment

For businesses, Lively charges $2.95 per enrolled employee per month (PEPM). There is a $200 monthly minimum. This means an employer pays $200 monthly whether they have 1 employee or 68 enrolled employees (since 68 * $2.95 = $200.60). For very small businesses with 15 or fewer enrolled employees, a flat $50 monthly fee applies instead.

To get the most from your fee-free account, contribute the maximum allowed. For 2026, that's $4,400 for self-only HDHP coverage or $8,750 for family coverage. If you are 55 or older, you can add a $1,000 catch-up contribution. These contributions are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses.

Lively allows you to invest HSA funds through a Schwab brokerage account. Decide on an investment allocation similar to a retirement account, as HSAs are powerful long-term savings vehicles. Remember the $24 annual fee is waived with a $3,000 cash balance. If you have a large HSA balance, you might allocate the first $3,000 to cash and invest the rest.

With Lively's $0 fee for reimbursement requests, you have no cost barrier to getting your money. However, the IRS requires you to keep records of qualified medical expenses. Use Lively's tools or your own system to save receipts, explanation of benefits (EOBs), and invoices. Eligible expenses include dental, vision, mental health services, and many over-the-counter medications.

If you leave your job, your employer-sponsored Lively HSA converts to an individual account. Proactively understand this process. Your fee structure changes from the employer PEPM model to the $0 monthly maintenance fee. You become responsible for making contributions directly. Update your contribution method, review your investment settings, and confirm the fee waiver threshold if applicable.

Lively and Fidelity both offer $0 monthly maintenance fees for individual accounts. Many other providers charge monthly or quarterly administration fees. Lively also provides up to three debit cards with no fees, which is ideal for families. Check for hidden fees like paper statement charges or low-balance fees that Lively explicitly does not have.

For investors, the fee comparison shifts. Lively charges a $24 annual investment fee, waived with a $3,000 cash balance. Fidelity's HSA typically has no investment platform fee. If you plan to invest 100% of your HSA funds and cannot maintain the $3,000 cash buffer, Fidelity may have a cost advantage.

For HR managers and financial advisors, the comparison extends to the employer experience. Lively's $2.95 PEPM with a $200 minimum is competitive but not always the lowest. Compare integration with your payroll provider, reporting tools, and educational resources for employees.