While Lively does not enforce strict deadlines for processing standard payroll contributions, we encourage employers to remit funds as soon as withholdings are deducted.
Lively offers different methods to manage HSA contributions, allowing flexibility for employers. The specific timing of the deposit depends on the method you use to manage contributions.
Contribution Methods on the Lively Platform:
Direct Deposit Contributions: if you process HSA contributions as part of your payroll, using direct deposit allows funds to be transferred to employees' HSAs as soon as they clear through the Automated Clearing House (ACH).
File Contributions: for employers using file-based contribution methods (via the Lively employer dashboard or SFTP(Secure File Transfer), files can be submitted at any time. Once submitted, Lively processes the contributions immediately, or employers can schedule file submissions to align with payroll dates.
Employer Dashboard Contributions: Lively also offers an HSA payroll management feature within the employer dashboard. This tool automates HSA contributions based on the payroll schedule provided by the employer. Four days before the scheduled payroll, Lively sends a reminder to review and approve contributions. Employers are encouraged to approve these contributions promptly to ensure that funds are available to employees as soon as possible.
However, even though Lively does not enforce strict deadlines related to how employers process payroll and make HSA contributions, the IRS requires that all contributions for a given tax year be made by the tax filing deadline, which is typically April 15 of the following year.
For example, contributions for the 2025 tax year must have been made by April 15, 2026. This deadline applies to both employee and employer contributions and Lively does enforce this deadline across all HSA contribution methods.
Updated: