SAN FRANCISCO--(BUSINESS WIRE)--Lively, Inc., a top-rated health and lifestyle benefits platform1 known for building the modern Health Savings Account (HSA), today announces the launch of its commuter benefits offering, which will be available for employers this open enrollment season. Designed with today’s hybrid workforce in mind, Lively’s commuter benefit and rare add-on perks offer the convenient features that a modern workforce expects, but rarely receives including tap-to-pay, flexible payment allocation and management, and micro mobility coverage, such as scooter and bike shares.2
Offering commuter benefits enable companies to meet the needs of their employees, as 58% of employees believe their employers should pay for their commute and meals at work according to a recent Newsweek poll. Overall, commuting is unpopular, as 40% of Americans would rather clean their toilet than commute to the office, according to a report by RingCentral. Lively’s commuter solution creates an incentive for employees to come to the office and enables employers to ease the financial burden of commuting, which can cost the average commuter more than $8,000 a year.
“Commuting has evolved and Lively built our product to meet commuters where they are now and provide a seamless, mobile-first experience,” said Alex Cyriac, co-founder and CEO of Lively.
Lively’s commuter benefit is an employer-sponsored, pre-tax benefit that helps employees to pay for select public transit and parking expenses associated with commuting to-and-from work. Some employers are mandated to offer commuter benefits to workers due to state laws or local ordinances and Lively’s solution is designed for these employers as well as those who want to make commuting easier and more attractive for their workforce. The offering brings innovation to the commuter space by offering:
- Fully mobile, digital experience including mobile payment options and tap-to-pay.
- Flexibility to pause or adjust contributions, enabling employees to respond to schedule adjustment or unforeseen circumstances without losing money.
- The ability to add post-tax perks that enable employers to cover “extra mile” expenses such as bike, scooter, and ride shares and even meals at work.
“As more employees return to the office, companies are under pressure to provide their employees a comprehensive benefits package that eases their financial stress and meets their daily needs. We’re proud that Lively’s commuter benefit offers employers a way to make their benefits stand out with highly flexible and sought-after perks.” said Shobin Uralil, co-founder and COO of Lively.
Learn more: https://livelyme.com/commuter
About Lively
Lively is the health and lifestyle benefits platform that works the first time, every time. Our solutions are designed to take the guesswork out of managing benefits and drive efficiency for you and your teams. Our innovative platform is grounded by your everyday needs and circumstances. By combining robust features with unparalleled service, we make maximizing your benefits as simple as it should be.
Lively currently offers HSA, FSA, HRA, COBRA, Direct Bill, Commuter, Lifestyle Spending Accounts, and Medical Travel Accounts.
- Lively’s HSA is top-rated according to Morningstar’s 2023 Health Savings Account Landscape, G2, Trustpilot, and Lively's Customer Satisfaction survey.
- The optional add-ons are offered on a post-tax basis through the Lively 'Reconnect' Lifestyle Spending Account, which is separate from pre-tax commuter benefits as defined by the IRS.
