Centier Bank launches new health savings accounts, powered by Lively

Centier Bank launches new health savings accounts, powered by Lively

Centier partners with top-rated benefit solutions provider to help individuals and companies maximize health savings 

Centier Bank is pleased to announce the launch of a new Health Savings Account (HSA) in its suite of banking products to help individuals as well as companies maximize savings when it comes to health and medical costs. The Centier Bank HSA, powered by Lively, the company known for the modern HSA, is an account specifically for medical costs that helps consumers save for the needs of today and tomorrow.

An HSA is an interest-bearing account used for qualifying medical expenses, with the Internal Revenue Service's maximum contribution limits set annually. The HSA is designed to be paired with a qualifying high-deductible health plan (HDHP), traditionally known for lower premiums and high-deductibles. A qualifying HDHP has a minimum deductible and out-of-pocket maximum that is set annually by the IRS.

The Centier Bank HSA, powered by Lively is currently available to individuals and employers. Individuals who are enrolled in a high deductible health plan can set up pre-tax contributions from their bank accounts. And employers can offer these triple-tax advantaged accounts as a key benefit for employee wellness and retention, while reducing their payroll taxes at the same time.

Randy Shepard, Senior Vice President of Retail Sales at Centier Bank, said he is excited about debuting the new HSA to clients to meet them where they are in their financial journey and help maximize their savings.

“Health Savings Accounts are a popular option for those who are strategic about their savings,” Shepard said. “Anytime the opportunity to use pre-tax funds to allocate toward expenses arises, folks should take it.”

Rising healthcare costs, combined with the effects of the pandemic, have underscored the importance of being prepared for unexpected expenses. Today, 70% of Americans rank healthcare coverage as the most important benefit when switch jobs, according to Lively’s third annual Wellness and Wealth report. The same report found that one in two Americans have delayed or skipped medical care due to cost.

“There are few products on the market that can match the flexibility and tax savings a Health Savings Account offers,” said Alex Cyriac, CEO and co-founder of Lively. “That’s why we are excited to partner with Centier Bank, with their track record of helping clients improve their financial well-being through competitive products and remarkable service. By giving clients the option to consolidate finances at their preferred community bank, they can build toward their financial goals with confidence.”

The account comes with a personal online dashboard and mobile app, , and educational content. Companies who want to offer a health savings account to their employees can take advantage of the proprietary technology that makes setting up employee-funded accounts and contributions easy and simple. 

For more information about Centier Bank HSA, powered by Lively, including FAQs and to open an account, go to centier.com/personal-banking/hsa. For more information on Centier Bank, visit centier.com


About Centier Bank

Centier Bank is Indiana’s largest private, family-owned bank, having served hometown banking across communities since 1895. With a purpose of enriching lives through financial guidance for an even better tomorrow, Centier Bank currently has 58 retail locations, serving in 35 communities across 11 counties with 947 associates.

Centier Bank has ranked on Forbes’ list of Best-in-State-Banks annually from 2019-2022. Additionally, Centier Bank has been among the top “Best Places to Work in Indiana” by the Indiana Chamber of Commerce and received national attention by American Banker magazine as the Top Best Bank to Work For in Indiana and #2 in the U.S.A. For more information on Centier products and services, visit centier.com.

About Lively

Lively is the benefit solutions provider that gets it right. We designed our solutions to take the guesswork out of managing benefits. And our innovative features are built to simplify benefits administration and evolve with your business. That's why our experience is optimized to put you in control at every step. Managing your wellness and wealth takes more than a series of transactions. By combining robust features with unparalleled service, we make benefits administration effortless, even when your time and energy are limited. Experience benefits administration as it should be with Lively. Visit livelyme.com to learn more.