Lifestyle Spending Account

A lifestyle spending account (LSA) is a flexible account with employer-covered costs for health and wellness expenses and other costs that group health plans don't cover.
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Benepass

Benepass

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200 eligible

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30,000

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Why Benepass LSA
Increase employee engagement and eNPS. Our easy-to-use fintech platform provides a better user experience. Employee engagement rates for the Benepass LSA are 20-50% higher than traditional reimbursement or marketplace-based... Show More
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Advanced Benefit Strategies

Advanced Benefit Strategies

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1 eligible

Lives Serviced

1,000

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Promote healthy habits and overall well-being by creating your fully customizable, post-tax Lifestyle and Wellness account. Offering a flexible and customizable plan your employees want, simplify the participant/s experience, while easily managing your... Show More
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Espresa

Espresa

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250 eligible

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1,000,000

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Espresa’s Lifestyle Spending Account and LSA Plus™ platform delivers employee benefits that promote total well-being through freedom of choice.

A Lifestyle Spending Account is an employer-funded account that enables employees... Show More
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Forma

Forma

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Min. Group Size

250 eligible

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-

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LSAs are ultra-customizable spending accounts. Employers set eligibility rules. Employees choose how to spend. It's the best way to support employees where they are and make every dollar count.

Give... Show More
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Compt

Compt

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Personalized Employee Benefits with Compt

Compt simplifies stipend creation, letting you build tailored stipends that fit your budget, culture, and team needs. Choose from 27 spending categories, including health &... Show More
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ThrivePass

ThrivePass

4.7 (50)
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1 eligible

Lives Serviced

324,000

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The Thrive Account was created to help improve culture, attract and retain talent, and promote overall wellbeing. At its core, the Thrive Account is a digital employee spending account that can be utilized... Show More
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elevate.inc

elevate.inc

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Founded

2021

Employees

20

Funding Summary

15M Series A

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About elevate.inc

Elevate strives to offer the industry’s most intuitive, configurable, and automated administration platform for employers, their employees and their dependents, to maximize the advantages of consumer directed benefits. Currently, the consumer-directed benefits market poses problems for benefits providers, employers and their employees. Today's platforms are antiquated and impersonal, and often confusing for employees to understand. Elevate’s cutting-edge benefit administration technology simplifies systems, boosts efficiency and cuts costs for providers.
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JOON

JOON

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Founded

2019

Employees

12

Funding Summary

2.3M Seed Round

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About JOON

JOON is an automated LSA reimbursement platform. With our unique card-connected experience, JOON gives workforces more flexibility over their programs and eligibility. Show More
WEX Health, Inc.

WEX Health, Inc.

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Min. Group Size

1 eligible

Lives Serviced

850,000

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An LSA is an employer-funded post-tax spending account that allows the employer to determine the eligible expenses and plan details. Show More
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BBP Admin

BBP Admin

5.0 (1)
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-

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70,000

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Not every employer has the same lifestyle needs. The BBP Admin Lifestyle Spending Account gives employers the flexibility to allow employees to spend benefit dollars on the things that matter most to them.... Show More
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Employee Benefits Corporation (EBC)

Employee Benefits Corporation (EBC)

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-

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Lifestyle Spending Accounts (LSAs) allow employers to build an account to fund employees’ everyday needs without the burden of managing additional reimbursements. Each employee is unique; give them the choice to use after-tax... Show More
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Medcom Benefit Solutions

Medcom Benefit Solutions

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Founded

1983

Employees

85

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Not Provided

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About Medcom Benefit Solutions

Celebrating pver 40 years, Medcom has been a leader in employee benefit administration, ERISA Compliance, and consulting services with exceptional service. We create tailor-made solutions of tax-advantaged benefit plans using innovative debit card technology to meet the needs of plan participants and the administrative goals of employers.

Medcom’s expert consultative services provide a comprehensive approach to ERISA Compliance, in addition to, the administration of COBRA, Retiree Billing, Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Arrangements.

As regulatory compliance continues to increase in complexity, Medcom has designed a streamlined approach to... Show More
Ameriflex

Ameriflex

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Min. Group Size

-

Lives Serviced

1,777

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Lifestyle Spending Accounts (LSA) are a means for employers to help their employees pay for health and wellness expenses, and sometimes other costs, that aren’t typically covered under a group health plan, like... Show More
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Beanstalk Benefits

Beanstalk Benefits

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Min. Group Size

-

Lives Serviced

400

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Our partner's Life Style Account service is an employer-sponsored benefit that allows employees to set aside money for discretionary spending. LSAs are customizable and can be used for a variety of expenses such... Show More
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ClubHealth

ClubHealth

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Founded

2021

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Not Provided

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About ClubHealth

Give your employees a monthly stipend to choose health & wellness subscriptions covering mental health, fitness, nutrition, and more—no matter where they live and work! We handle all on-demand subscription management, and also seamlessly process gym reimbursements. Show More
Flores Associates

Flores Associates

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Founded

1986

Employees

107

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Not Provided

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About Flores Associates

For over 30 years, Flores has delivered frictionless Benefit, Leave and Compliance solutions that make life easier for HR teams and their employees through industry-leading technology, people and processes. Our solutions are highly-rated by employees, preferred by employers and recommended by brokers across the nation. We offer a comprehensive suite of reimbursement and savings accounts; leave administration expertise; and complete compliance support. We make life easier with proven omnichannel service and support, including the Flores Account Management System. And our industry-leading technology, people and processes enable us to deliver a better, frictionless experience for everyone.
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GoKlaim

GoKlaim

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Min. Group Size

-

Lives Serviced

10,000

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GoKlaim’s Lifestyle Spending Account offers unparalleled flexibility for modern benefits. Employees choose from eligible categories like fitness, education, green living, and childcare. LSAs empower teams to customize benefits to fit their lifestyles, boosting... Show More
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HealthEquity, Inc.

HealthEquity, Inc.

0.6 (1)
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Min. Group Size

1 eligible

Lives Serviced

478,862

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Forward-thinking leaders are looking for ways to deliver personalized benefits at scale. Employer-funded Lifestyle Spending Accounts (LSA) can help promote employee wellbeing and advance key business priorities. Lifestyle programs involve a lot of... Show More
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IncentFit

IncentFit

4.5 (3)
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-

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-

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Easily Empower Your People To Invest In Themselves By Covering The Cost of Wellness

From gym memberships to tuition costs, show your employees you're invested in their well-being and development... Show More
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American Benefits Group

American Benefits Group

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-

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The American Benefits Group Lifestyle Spending Account offers employers the flexibility to allow employees to spend benefit dollars on what matters most to them, such home office expenses, professional and educational development, and... Show More
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Frequently Asked Questions

What is a Lifestyle Spending Account?

A Lifestyle Spending Account (LSA) is an employer-funded benefit that covers a variety of personal wellness expenses not typically covered by traditional benefits. These can include gym memberships, childcare, pet care, and more.

How Does a Lifestyle Spending Account Work?

Employers allocate a set amount of post-tax funds to employees' LSAs, which they can use on approved expenses. Employees typically pay upfront and then get reimbursed or use a provided debit card to cover these costs directly.

Are Lifestyle Spending Accounts Taxable?

Yes, funds spent from LSAs are considered taxable income for employees. When employees use funds from their LSAs, they must pay income tax on the amount spent.

What Is the Benefit of an LSA?

Everything costs more nowadays: rent, home buying, groceries, childcare, and medical care. An LSA is beneficial as it can help employees cope with these rising expenses. In addition, LSAs offer flexibility in how employees can use their benefits, supporting physical, mental, and financial well-being.

What Is the Difference Between FSA and LSA?

FSAs (Flexible Spending Accounts) are tax-advantaged accounts used for specific healthcare or dependent care expenses, with a "use-it-or-lose-it" policy. LSAs, on the other hand, are post-tax and offer broader spending options on various wellness-related expenses, without the same use-it-or-lose-it restriction.

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