Best HealthEquity Alternatives ranked by AI · updated May 2025

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HealthEquity offers health savings accounts (HSAs) and other consumer-directed benefits for managing healthcare costs.

Price: Varies based on services chosen 🎯 healthequity.com

💼 Office & Productivity 💻 Online Services 💰 Finance 💳 Recurring Billing

Top 6 HealthEquity alternatives

Lively HSA

Lively, Inc.

Lively provides Health Savings Accounts for individuals, employers, and benefits platforms. Its account combines tax-advantaged healthcare spending with investment access and digital...

Pros

No monthly fee for many individual accounts
Supports investing HSA funds through an integrated brokerage option
Modern web and mobile tools for receipts, reimbursements, and contributions

Cons

Investment choices and terms can be less flexible than Fidelity's HSA
Employer plan features and fees vary by implementation
Less widely accepted as an integrated benefits platform than HealthEquity or Optum

Free for individuals; employer pricing varies

Alternatives to Lively HSA → Visit site

Further

Further provides HSAs and other consumer-directed benefits accounts for employers and individuals. Its platform combines account administration, healthcare payments, decision-support tools, and...

Pros

Combines HSA administration with broader consumer-directed benefits
Offers employer tools for contributions, compliance, communications, and reporting
Supports digital payments, reimbursements, and receipt management

Cons

Less recognizable to individual consumers than Fidelity or HealthEquity
Plan-specific fees and investment options require employer confirmation
Retail investing experience is not as broad as Fidelity's

Employer pricing varies; participant fees depend on plan

Alternatives to Further → Visit site

Optum Bank

Optum Bank offers health savings accounts and financial tools for managing healthcare expenses

Pros

Wide range of financial tools
Integration with Optum health services

Cons

Higher fees for some services
Limited investment options

Varies based on services chosen

Alternatives to Optum Bank →

WageWorks

WageWorks is a provider of Consumer-Directed Benefits for pre-tax spending accounts, commuter benefits, and more.

Contact for pricing

Alternatives to WageWorks → Visit site

Live.ly

Live.ly was a live streaming platform that allowed users to broadcast live video to their followers. It was popular for its interactive...

Free

Alternatives to Live.ly → Visit site

COBRA Administration Manager

COBRA Administration Manager is a software and service platform for employers and benefits administrators managing COBRA continuation coverage. It supports participant notifications,...