What is an HSA and who qualifies?

A Health Savings Account (HSA) is a tax-advantaged account for medical expenses. You qualify if you have a High Deductible Health Plan (HDHP) with a minimum deductible of $1,650 (individual) or $3,300 (family) for 2025, are not enrolled in Medicare, and cannot be claimed as a dependent.

How much can I contribute to an HSA in 2025?

For 2025, the contribution limits are $4,300 for individual coverage and $8,550 for family coverage. If you are 55 or older, you can contribute an additional $1,000 catch-up contribution.

What is the triple tax advantage of an HSA?

HSAs offer three tax benefits: (1) Contributions are tax-deductible, reducing your taxable income, (2) Investment growth is tax-free, and (3) Withdrawals for qualified medical expenses are tax-free. Combined, this can save you up to 35% on healthcare costs.

Can I use HSA funds for any medical expense?

HSA funds can be used for qualified medical expenses including doctor visits, prescriptions, dental care, vision care, mental health services, and many over-the-counter items. The IRS publishes a complete list in Publication 502.

What happens to my HSA if I change jobs?

Your HSA is yours to keep regardless of employment changes. The funds never expire and you can continue using them for qualified medical expenses. You can also transfer your HSA to a different provider if you prefer.

Why does Aphenos recommend Lively HSA?

We recommend Lively because they offer $0 monthly fees, FDIC insurance up to $250,000, investment options through Schwab, a free Visa debit card, a top-rated mobile app (4.8 stars), and 3-minute online setup. They meet all our criteria for a healthcare-focused HSA provider.

Free HSA Tax Savings Calculator

Save Up to 35% on Every Healthcare Expense

Use our calculator to see your exact savings. Then open a free Lively HSA in 3 minutes and start paying for healthcare with tax-free dollars.

No credit check required. FDIC insured up to $250,000.

Calculate Your HSA Tax Savings

Enter a procedure cost and your income to see how much you could save.

Select a procedure or enter custom cost

Estimated annual income

Filing status

State

Procedure Cost

$2,500

Your Tax Savings

-$674

Your Effective Cost

$1,826

Federal tax savings$550

State tax savings$124

Total savings (27%)$674

How an HSA Saves You Money

The "triple tax advantage" makes HSAs the most powerful healthcare savings tool available.

Contribute Pre-Tax

Your HSA contributions reduce your taxable income. If you contribute $4,300 in the 22% bracket, you save $946 in federal taxes alone.

Grow Tax-Free

Unlike a 401(k), any investment gains inside your HSA are never taxed. Your healthcare fund can grow for decades completely tax-free.

Spend Tax-Free

When you pay for qualified medical expenses with HSA funds, you pay zero taxes. No income tax, no capital gains tax, nothing.

Why We Recommend Lively

We evaluated dozens of HSA providers and chose Lively for these reasons.

No Monthly Fees

Many HSA providers charge $2-5/month. Lively charges $0.

$0/month

FDIC Insured

Your deposits are protected up to $250,000 through Choice Financial Group.

$250K protected

Investment Options

Invest HSA funds in low-cost index funds through Charles Schwab.

Schwab integration

Free Debit Card

Pay at doctor offices, pharmacies, and hospitals with your Visa card.

Free Visa card

Top-Rated App

Track spending, upload receipts, and manage investments on the go.

4.8 star rating

3-Minute Setup

Open your account online. No employer involvement required.

Instant approval

Real Savings Examples

See how much you could save on common healthcare expenses (assumes 35% combined tax rate).

MRI Scan

Regular cost$2,500

With HSA$1,625

You save$875

CT Scan

Regular cost$1,500

With HSA$975

You save$525

Annual Physical

Regular cost$350

With HSA$228

You save$122

How Lively Compares

A comparison of popular HSA providers.

Feature	Lively	Fidelity	HealthEquity
Monthly Fees	$0	$0	$3.95
Investment Options			$2K min
Mobile App Rating	4.8 stars	4.6 stars	4.2 stars
Debit Card Fee	Free	Free	Free
Setup Time	3 min	10 min	15 min

Frequently Asked Questions

Start Saving on Healthcare Today

Open your free Lively HSA in 3 minutes and start paying for healthcare with tax-free dollars.

Why We Partner with Lively

2025 Contribution Limits: $4,300 (individual) | $8,550 (family) | +$1,000 catch-up (55+)

Affiliate Disclosure

Aphenos may earn a commission when you open an HSA through our links to Lively. This helps us maintain our free price transparency tools for 3M+ procedures across 82 Illinois hospitals. We chose Lively based on objective criteria including fees, features, and user experience. We only recommend services we believe provide real value. Your costs are not affected by using our affiliate links.