How To Set Up an HSA

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Health Savings Accounts – How to Set Up an HSA

Setting up a Health Savings Account

You can open a health savings account at any bank or credit union. Most insurance companies offer HSAs through a specific bank they have partnered with, but these banks often charge high service fees. We recommend using Lively because they:

Lively Health Savings Accounts

Lively HSA Features include:

  • FDIC-Insured, Interest Bearing Accounts: We know how important this money is so it’s sitting in an FDIC-insured account that earns interest. The more you save, the more you earn.
  • HSA Investments: Invest from day 1 (no minimum required). Lively has partnered with a TD Ameritrade to provide easy online investing with no pre-selected line-up. Stocks, bonds, ETFs, mutual funds are all available. Grow your health savings for the long term for $2.50/month.

After HSA Enrollment

After you enroll in a Health Savings Account, your bank or administrator will send you the same materials you would receive after opening up a checking or savings account. This normally includes:

  • An HSA welcome kit that contains all the information about the account
  • A debit card, unless requested otherwise on the application
  • A sweet online account to manage your HSA account

HSA Plan Guide

Overview

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