SAN FRANCISCO--(BUSINESS WIRE)--Lively, Inc., a top-rated health and lifestyle benefits platform1 known for building the modern Health Savings Account (HSA), today announces the launch of its commuter benefits offering, which will be available for employers this open enrollment season. Designed with today’s hybrid workforce in mind, Lively’s commuter benefit and rare add-on perks offer the convenient features that a modern workforce expects, but rarely receives including tap-to-pay, flexible payment allocation and management, and micro mobility coverage, such as scooter and bike shares.2. Offering commuter benefits enable companies to meet the needs of their employees, as 58% of employees believe their employers should pay for their commute and meals at work according to a recent Newsweek poll. Overall, commuting is unpopular, as 40% of Americans would rather clean their toilet than commute to the office, according to a report by RingCentral. Lively’s commuter solution creates an incentive for employees to come to the office and enables employers to ease the financial burden of commuting, which can cost the average commuter more than $8,000 a year. “Commuting has evolved and Lively built our product to meet commuters where they are now and provide a seamless, mobile-first experience,” said Alex Cyriac, co-founder and CEO of Lively

Lively, Inc., a top-rated health and lifestyle benefits platform* known for launching the modern Health Savings Account (HSA), today announces the release of its Employee Benefits Market Check report.

SAN FRANCISCO--(BUSINESS WIRE)--Lively, Inc., a top-rated health and lifestyle benefits platform* known for creating the modern Health Savings Account (HSA), today announces the release of its sixth annual HSA Snapshot report, which tracks HSA account holders’ saving, spending, and investing. In 2023, 53% of Americans were covered by an HSA-eligible High Deductible Health Plan according to Value Penguin. HSAs enable account holders to flexibly manage their financial, physical, and mental health. “As rising prices and the cost of healthcare remain among some of the primary financial stressors for Americans, Health Savings Accounts are a key part of their strategy for short- and long term savings,” said Alex Cyriac, co-founder and CEO of Lively. The report found that:Lively’s annual account balance of funded accounts is $4,885, which is 17% higher than the industry average of $4,177. Lively account balances increased 10% from last year.Investments drive HSA balance growth and Lively account holders invest nearly 2x the industry average.Lively account holders are active users, using their HSAs to save on health-related expenses, as Lively’s average annual HSA withdrawals increased by 23% to $1,162 from $943 in 2022