Lifestyle Spending Accounts (LSA) - Global, HR Flexible Benefits
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.
Akira:
An aspiring Wellness Coach
Nutrition
Meal planning
Wellness
Fitness
Bo:
Working to elevate their career
Education
Home office
Financial planning
Mental health
Nora:
Focused on family & home
Family planning
Childcare
Healthcare travel
Pet insurance
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.
Fitness & wellness
Caregiving
Work from Home
Professional Development
Student loan assistance
Commuter assistance
Financial wellness
Employee meals & nutrition
Adoption & fertility support
Legal services
International healthcare
Work supplies & PPE
Pet care
Environmental, social & governance
Diversity, equity, & inclusion
Relocation assistance
Emergency relief
Donation assistance
Team building
+ many more
How people use their LSAs
Miles upgraded his home internet service with his program funds.
Miles
Forma Member
I finally discovered a passion for fitness and meditation with my LSA benefits.
Jessica
Forma Member
Amir was able to use his funds to build a skateboard ramp using his BeWell account.
Amir
Forma Member
I used my Forma Card to pay my cell phone bill!
Kaylie
Forma Member
My dog was diagnosed with cancer and I used my LSA to pay for treatment.
Liyang
Forma Member
Steve was able to replace his family's broken stove with his BeWell account.
Steve
Forma Member
I was able to use the program to cover piano lessons for my daughter.
Naomi
Forma Member.