Fintech’s Next Frontier: The $60 Billion Opportunity To Change Millennials And Their Healthcare
22 April 2019 4:30 AM GMT
Best friends Alex Cyriac and Shobin Uralil see a $60 billion opportunity to change Millennials and how they treat their healthcare. They're not alone.
- Lively CEO Alex Cyriac (left) and COO Shobin Uralil, shown on the balcony of the startup's San Francisco headquarters, split work based on their talents and experience.
- That conversation, in 2015, started Cyriac, now 36, and Uralil, now 37, on the path to launching Lively, a VC-backed startup that aims to offer health savings accounts that meet Millennials' expectations for financial products: low (or at least transparent) fees and easy to manage online.
- If you're covered by an eligible high-deductible health plan, in 2019 you can contribute up to $3,500 for an individual or $7,000 for a family to an HSA, reducing your taxable income by that amount.
- Cyriac, a computer engineer by training, had spent two years running operations at Justworks, a New York cloud-based payroll and benefits provider.
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