Work from Home Spending Account eligibility standards
Understand what a Work from Home Spending account is, how it works, what to include categorically, and the top items to cover - plus compliance protips!
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Support workers no matter where they are
A Work from Home Spending Account is an employer-sponsored benefit that prioritizes the needs of those working in a remote setting. The program can encompass a variety of options that help ensure that employees have the tools they need to be productive no matter where they work.
Note: In most cases, funds are treated as taxable income.
How a Work from Home Spending Account works
Work from Home Spending Accounts can be designed based on specific business goals or initiatives, engagement survey results, and whatever matters most to your workforce office setting.
- Employers select home office options to define program eligibility.
- Employees spend funds on office-related items meaningful to them.
Why a Work from Home Spending Account is important
Employees are continuing to demand flexibility with where they work. A resounding 56% of employees want to work remotely either most or part of the time, and research finds that employees equate hybrid work arrangements to an 8% raise. Unlike the onsite working environments that give completed working spaces and devices, employees working remotely often have to set things up to conduct their jobs smoothly. It is crucial to support them with related expenses. With a Work from Home Spending Account, you can cover work-from-home expenses to help offset costs, reduce stress, improve productivity, and drive engagement.
As a leader in the flexible benefits space, we have the industry's first eligibility standards for customizable spending accounts. You can download a copy of the standards set for a Work from Home Spending Account here or by clicking the image below.
You can access a preview of what you'll find in the Work from Home Spending Account eligibility standards below.
Get help building a custom a Work from Home Spending Account
The Forma team can offer guidance - backed by data - as you explore your options. For more information or support, <span class="text-style-link text-color-blue" fs-mirrorclick-element="trigger" role="button">schedule a consultation</span> with one of our experts. We’d be happy to help!