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Lifestyle Spending Accounts (LSAs)
Stretch your benefits budget, give the benefits team a break, and help employees pursue their purpose.
Be the hero with
Lifestyle Spending Accounts
LSAs are ultra-customizable spending accounts. Employers set the eligibility rules. Employees choose how to spend. It's the best way to support employees where they are and make every dollar count.
Grow benefits without growing budget.
With more flexibility and choice, LSAs will increase perceived value. In fact, AON research shows $1 invested in flexible benefits is worth $1.50 to employees.
Differentiate your company. Live your values.
Walk-the-walk by supporting employees' growth with activities that align to the employer brand.
Only pay for what employees use
Create unmatched flexibility with how they choose their benefits.
How employees get more with LSAs
Rather than investing in another well-being initiative that employees may not use, LSA allowances provide a variety of options that can fit each person's unique lifestyle.
Employees choose meaningful benefits. Companies only pay for valued benefits. Benefits professionals have less to manage.
Your employees will love choosing their benefits
Common types of Lifestyle Spending Accounts
LSA benefits can be customized to your existing programs, budgets, and company values. And with the industry’s first LSA Eligibility Standards, setting eligibility is as easy as a toggle switch.
How people use their LSAs
I finally discovered a passion for fitness and meditation with my LSA benefits.
Amir was able to use his funds to build a skateboard ramp using his BeWell account.
I used my Forma Card to pay my cell phone bill!
My dog was diagnosed with cancer and I used my LSA to pay for treatment.
Steve was able to replace his family's broken stove with his BeWell account.
I was able to use the program to cover piano lessons for my daughter.
Miles upgraded his home internet service with his program funds.