Lively HSA vs Optum Bank HSA
Side by side on the numbers that decide it. The Money 8020 Score already weighs these — this is the receipts.
Money 8020 pick L Lively HSA Lively 96/100 | OB Optum Bank HSA Optum Bank 77/100 | |
|---|---|---|
| Tier | Essential | Strong |
| Monthly fee | $0 | $2.75 |
| Investing | Schwab self-directed | $2,000 |
| Managed-invest fee | $24/yr | FDIC (Optum Bank) |
| Cash insurance | FDIC at custodian | Employer plans |
| Annual fee | — | — |
| Best for | Individuals who want a no-fee HSA they open themselves | Employees whose company offers Optum Bank as the HSA custodian |
| View profile | View profile |
Which should you choose: the Lively HSA or the Optum Bank HSA?
The Lively HSA is the stronger pick of the two, with a Money 8020 score of 96/100 versus 77. Choose the Optum Bank HSA instead if employees whose company offers Optum Bank as the HSA custodian.
On monthly fee, the Lively HSA shows $0 versus the Optum Bank HSA's $2.75. On investing, the Lively HSA shows Schwab self-directed versus the Optum Bank HSA's $2,000. On managed-invest fee, the Lively HSA shows $24/yr versus the Optum Bank HSA's FDIC (Optum Bank). Both figures are reflected in the Money 8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Lively HSA vs Optum Bank HSA: FAQ
Is the Lively HSA or the Optum Bank HSA better?
By our scoring, the Lively HSA edges ahead with a Money 8020 score of 96/100 versus 77. The Optum Bank HSA can still be the better fit if employees whose company offers Optum Bank as the HSA custodian.
What is the main difference between the Lively HSA and the Optum Bank HSA?
On monthly fee, the Lively HSA offers $0 while the Optum Bank HSA offers $2.75. Review the full table above and confirm current terms with each provider. This is not financial advice.