Employees can start, stop, or change their Health Savings Account (HSA) contributions at any time throughout the year. The location where employees submit these changes depends on how your organization administers benefits:
Lively Dashboard: If you manage contributions directly through Lively, employees can update their elections within their Lively account.
Benefits Administration / Integrated Partners: If you utilize a Benefits Administration platform, HRIS, or another integrated partner system, employees must make their adjustments within that external system. The data will then sync to Lively to update our records.
While the IRS mandates that employers must allow employees to change their HSA contributions at least once per month, you generally have the discretion to allow for more frequent updates if it aligns with your payroll capabilities.
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