Lively’s Health Savings Accounts Have an Average Balance of 35% Higher Than Industry Average, Helping Account Holders Offset Rising Costs of Healthcare and Health Insurance

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Lively’s Health Savings Accounts Have an Average Balance of 35% Higher Than Industry Average, Helping Account Holders Offset Rising Costs of Healthcare and Health Insurance

2025-01-07 22:03 Last Updated At：22:21

SAN FRANCISCO--(BUSINESS WIRE)--Jan 7, 2025--

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 2025 HSA Outlook report. As Americans continue to navigate economic volatility, financial stress is on the rise. HSAs, which offer tax-free savings, investing, and spending on health-related expenses, have long been a strategy for account holders to save for both the short and long term. This report helps companies and individuals understand what to look for in a provider, including easy-to-use features, built in account holder education, and accessible investing options, in order to best meet their needs in the year ahead.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250107152832/en/

“HSAs have long been a strategy to help offset the high cost of healthcare. Making healthcare more affordable and accessible is at the core of our mission at Lively and I’m proud that we’re making strides towards that goal,” said Alex Cyriac, co-founder and CEO of Lively.

Lively found that:

“At Lively we believe in empowering account holders with the information and options that enable them to make the most of their HSA balances and have more money available for the care they need, when they need it. As Americans contend with rising prices, we’re proud to help them build flexibility and financial security,” said Shobin Uralil, co-founder and COO of Lively.

Read the full report:
https://reports.livelyme.com/2025/hsa-overview/

About Lively

Lively is the health and lifestyle benefits platform that works the first time, every time. Our solutions are designed to take the guesswork out of managing benefits and drive efficiency for you and your teams. Our innovative platform is grounded by your everyday needs and circumstances. By combining robust features with unparalleled service, we make maximizing your benefits as simple as it should be.

Lively currently offers HSA, FSA, HRA, COBRA, Direct Bill, Commuter, Lifestyle Spending Accounts, and Medical Travel Accounts.

https://livelyme.com/

*Lively’s HSA is top-rated according to Morningstar’s 2023 Health Savings Account Landscape, G2, Trustpilot, and Lively's Customer Satisfaction survey.

California governor says Pacific Palisades wildfire has destroyed many structures as winds kick up

2025-01-08 10:16 Last Updated At：10:21

LOS ANGELES (AP) — A wildfire whipped up by extreme winds swept through a Los Angeles hillside dotted with celebrity residences Tuesday, burning homes and forcing the evacuation of tens of thousands of people, some of whom abandoned their cars and fled on foot to safety with roads blocked.

California Gov. Gavin Newsom, who was in Southern California to attend the naming of a national monument by President Joe Biden, made a detour to the canyon to see “firsthand the impact of these swirling winds and the embers,” and he said he found “not a few — many structures already destroyed.”

Officials did not give an exact number of structures damaged or destroyed in the Pacific Palisades wildfire, but they said about 30,000 residents are under evacuation orders and more than 13,000 structures were under threat.

And the worst could be yet to come. The blaze began around 10:30 a.m., shortly after the start of a Santa Ana windstorm that the National Weather service warned could be “life threatening” and the strongest to hit Southern California in more than a decade. The exact cause of the fire was unknown and no injuries had been reported, officials said.

The winds were expected to increase overnight and continue for days, producing isolated gusts that could top 100 mph (160 kph) in mountains and foothills — including in areas that haven’t seen substantial rain in months.

“By no stretch of the imagination are we out of the woods," Newsom warned residents, saying the worst of the winds are expected between 10 p.m. Tuesday and 5 a.m. Wednesday.

As of Tuesday evening, 28,300 households were without power due to the strong winds, according to the mayor’s office. About 15,000 utility customers in Southern California had their power shut off to reduce the risk of equipment sparking blaze. A half a million customers total were at risk of losing power preemptively.

The fire swiftly consumed nearly 2 square miles (just over 5 square kilometers) of land in the Pacific Palisades neighborhood in western Los Angeles, sending up a dramatic plume of smoke visible across the city. Residents in Venice Beach, some 6 miles (10 kilometers) away, reported seeing the flames. It was one of several blazes across the area.

Sections of Interstate 10 and the scenic Pacific Coast Highway were closed to all non-essential traffic to aid in evacuation efforts. But other roads were blocked. Some residents jumped out of their vehicles to get out of danger and waited to be picked up.

Resident Kelsey Trainor said the only road in and out of her neighborhood was completely blocked. Ash fell all around them while fires burned on both sides of the road.

“We looked across and the fire had jumped from one side of the road to the other side of the road,” Trainor said. “People were getting out of the cars with their dogs and babies and bags, they were crying and screaming. The road was just blocked, like full-on blocked for an hour.”

An Associated Press video journalist saw a roof and chimney of one home in flames and another residence where the walls were burning. The Pacific Palisades neighborhood, which borders Malibu about 20 miles (32 kilometers) west of downtown LA, includes hillside streets of tightly packed homes along winding roads nestled against the Santa Monica Mountains and stretches down to beaches along the Pacific Ocean.

An AP photographer saw multi-million dollar mansions on fire as helicopters overhead dropped water loads. Roads were clogged in both directions as evacuees fled down toward the Pacific Coast Highway while others begged for rides back up to their homes to rescue pets. Two of the homes on fire were inside exclusive gated communities.

Long-time Palisades resident Will Adams said he immediately went to pick his two kids up from St. Matthews Parish’s school when he heard the fire was nearby. Meanwhile, he said embers flew into his wife's car as she tried to evacuate.

“She vacated her car and left it running,” Adams said. She and many other residents walked down toward the ocean until it was safe.

Adams said he had never witnessed anything like this in the 56 years he’s lived there. He watched as the sky turned brown and then black as homes started burning. He could hear loud popping and bangs “like small explosions,” which he said he believes were the transformers exploding.

“It is crazy, it’s everywhere, in all the nooks and crannies of the Palisades. One home’s safe, the other one’s up in flames,” Adams said.

Actor James Woods posted footage of flames burning through bushes and past palm trees on a hill near his home. The towering orange flames billowed among the landscaped yards between the homes.

“Standing in my driveway, getting ready to evacuate,” Woods said in the short video on X.

Actor Steve Guttenberg, who lives in the Pacific Palisades, urged people who abandoned their cars to leave their keys behind so they could be moved to make way for fire trucks.

“This is not a parking lot,” Guttenberg told KTLA. “I have friends up there and they can’t evacuate. … I’m walking up there as far as I can moving cars.”

The erratic weather caused Biden to cancel plans to travel to inland Riverside County, where he was to announce the establishment of two new national monuments in the state. He remained in Los Angeles, where smoke was visible from his hotel, and was briefed on the wildfires. The Federal Emergency Management Agency approved a grant to help reimburse California for the firefighting cost.

Some trees and vegetation on the grounds of the Getty Villa were burned by late Tuesday, but staff and the museum collection remain safe, Getty President Katherine Fleming said in a statement. The museum located on the eastern end of the Pacific Palisades is a separate campus of the world-famous Getty Museum that focuses on the art and culture of ancient Greece and Rome.

Film studios canceled two movie premieres due to the fire and windy weather, and the Los Angeles Unified School District said it temporarily relocated students from three campuses in the Pacific Palisades area.

Recent dry winds, including the notorious Santa Anas, have contributed to warmer-than-average temperatures in Southern California, where there’s been very little rain so far this season. Southern California hasn’t seen more than 0.1 inches (0.25 centimeters) of rain since early May.

Watson reported from San Diego and Har from San Francisco. Associated Press writers Christopher Weber and video journalist Eugene Garcia in Los Angeles contributed to this report.