Investment Capability Added to HSA Platform

Lively, Inc., a health savings account (HSA) platform for employers and individuals, introduced investment capabilities through an integration with TD Ameritrade Institutional’s Self-Directed Plan Services platform.

Lively’s integration with TD Ameritrade offers account holders access to an open-architecture set of investment options. HSA customers can invest their HSA funds in exchange-traded funds (ETFs), stocks, bonds, or mutual funds—any securities that are available on the TD Ameritrade platform.

Lively’s investment feature allows account holders to grow their health savings and generate financial returns over the long-term. Account holders can invest from day one, with no minimum balance required. A study by the Employee Benefit Research Institute (EBRI) found balances in HSAs that leverage defined contribution (DC) plan-like investments are six times larger than those without them.

Lively also offers:

• An intuitive online dashboard;
• Detailed investment performance reporting; and
• Automated transfers or withdrawals with one click—no phone calls required.

“Health care in the U.S. is not perfect, by any stretch, but the role HSAs play to decrease health costs and increase long-term health savings is becoming more important. HSAs offer a better way to save for future health costs. They provide rare flexibility in a very stringent health experience to save tax-free money not only for health-related costs but for retirement. Coupled with HSA compatible health plans, they are a cost-effective health solution for both employers and employees,” said Shobin Uralil, Lively co-founder and chief operations officer.

For more information, visit https://livelyme.com.