Devenir HSA Newsletter: November, 2018

  • November 1, 2018

Each month Devenir highlights a selection of articles to keep you abreast of the latest trends and developments in the HSA marketplace.

A summary of the articles included in the November 2018 edition:

  • Lively Raises $11M in Series A Funding
  • Health Savings Account Balances, Contributions, Distributions, and Other Vital Statistics, 2017: Statistics From the EBRI HSA Database
  • 3 Underdiscussed Ways to Use a Health Savings Account
  • Kaiser Family Foundation: 2018 Employer Health Benefits Survey
  • Nationwide Muscles Its Way Into HSA Market
  • Employees Missing Out On the Benefits of Health Savings Accounts, Says Willis Towers Watson


Lively Raises $11M in Series A Funding

Lively, Inc. announced it has raised $11M in Series A funding, led by Costanoa Ventures. Costanoa’s partner Mark Selcow will join Lively’s Board of Directors. Other investors include Y Combinator, Point Judith Capital, and Transmedia Capital. The funding will allow Lively to accelerate its growth, expand its free consumer HSA offering, and further expand into the employer market.



Health Savings Account Balances, Contributions, Distributions, and Other Vital Statistics, 2017: Statistics From the EBRI HSA Database

This EBRI Issue Brief is the fifth annual report drawing on cross-sectional data from the EBRI HSA Database. It examines account balances, individual and employer contributions, distributions, invested assets, and account-owner demographics in 2017.



3 Underdiscussed Ways to Use a Health Savings Account

It’s open enrollment season for employer-provided health insurance and other benefits. Increasingly on the menu at many companies? HDHPs, usually paired with a health savings account. Yet even as you’ve probably heard about using an HSA as a short-term vehicle to cover ongoing healthcare outlays, and as a long-term savings vehicle to harness the tax-sheltered compounding, the ability to use an HSA for other financial objectives has gotten less attention.



Kaiser Family Foundation: 2018 Employer Health Benefits Survey

This annual survey of employers provides a detailed look at trends in employer-sponsored health coverage including premiums, employee contributions, cost-sharing provisions, offer rates, wellness programs, and employer practices. Section 8 covers HDHPs paired with a savings option.



Nationwide Muscles Its Way Into HSA Market

Nationwide is plunging into the HSA business, joining thousands of banks and financial services firms that are betting that health savings accounts will grow. The company said this week that it will offer HSA services to 36,000 retirement plans sponsor clients in the first quarter of 2019 in partnership with HealthEquity.



Employees Missing Out On the Benefits of Health Savings Accounts, Says Willis Towers Watson

As employees think about the affordability of health care now and in the future, 82% see medical costs as their biggest challenge. And yet only 25% rank contributing to an HSA as a top current financial priority, falling below saving for retirement in a 401(k), paying for essential day-to-day expenses and paying off debt, according to a new study by Willis Towers Watson.