# Available now! 2026 global lifestyle spending accounts benchmark report

Explore Forma's benchmark report, the definitive resource for insights and trends about LSAs and the flexible benefits landscape.

[Download the report](/content/resources/lifestyle-spending-accounts-benchmark-report?utm_source=website&utm_medium=banner&utm_campaign=Q12026_benchmark_report/index.html)

**For Forma members please submit questions to [support@joinforma.com.](mailto:support@joinforma.com)**

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## Lifestyle Spending Accounts Explained

New to LSAs? This primer will make you an expert in minutes.

[Read here](/content/resources/what-is-a-lifestyle-spending-account-lsa/index.html)

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## Case Study: Microsoft's global LSA strategy

How Microsoft’s benefits program for 220K employees across 100+ countries set new standards for global employee wellness.

[Read here](/content/resources/microsoft-scales-personalized-wellness-benefit/index.html)

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# 10 must-haves for the best FSA vendors

Learn about the top 10 must-haves for an FSA vendor and ensure the successful administration of your healthcare, vision, dental, and caregiving expenses.

## In this piece

### 10 considerations when choosing a FSA vendor

1. **Auto-substantiation setup:** Simplify reimbursing eligible FSA expenses. Your vendor should follow the IRS rules for claims substantiation. Ensuring your members pay with an IIAS-enabled* prepaid debit card that auto-substantiates certain expenses is a great way to deliver on this mandate – no receipts required.
2. **Simple receipt upload process:** Members should be given the freedom to choose their preferred reimbursement method, including manual receipt uploads. For members to submit their receipts on time, a vendor needs an easy process and clear communication.
3. **Easily identify eligible expenses:** Provide links to FSA stores on Amazon, Walgreens, and CVS to help members know what items are FSA eligible.
4. **World-class support:** Your members will need exceptional support to address their questions about claims or other topics.
5. **Support all types of FSAs:** Ensure that your vendor can offer all flavors of FSAs, including Limited Purpose FSA (LPFSA) and Dependent Care LFA (DCFSA).
6. **Accommodate large DCFSA expenses:** Ask your vendor if members can submit large expense claims just once and get automatically reimbursed as funds are loaded.
7. **Compatibility with HSAs:** Make sure that your vendor can accommodate pairing a LPFSA with an HSA seamlessly.
8. **Effective employee education and outreach:** Educate employees on the intricacies of FSAs, including the ‘use it or lose it’ component.
9. **One platform for all spending accounts:** Having all of your company’s spending accounts in one place makes administration and support more effortless for you.
10. **Straightforward non-discrimination testing (NDT):** Ensure your vendor is equipped to simplify NDT and provide recommendations to minimize risks of failure at year-end.

Forma’s product and expertise will transform your FSA program, bringing a modern experience to your employees. For more information about Forma's FSA offering, schedule a consultation with one of our experts.

*IIAS can only be used for HCFSA, LPFSA, and HRAs.