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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Min. Group Size

200 eligible

Lives Serviced

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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Min. Group Size

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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Min. Group Size

250 eligible

Lives Serviced

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

Lives Serviced

-

Average Cost

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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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-

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-

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Compt is the #1 stipends platform that gives employees the freedom to choose the lifestyle perks that are best for them and their always evolving needs while reducing the administrative burden on HR.... Show More
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ThrivePass

ThrivePass

4.7 (50)
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Min. Group Size

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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Company Overview

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

-

Lives Serviced

155

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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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Employee Benefits Corporation (EBC)

Employee Benefits Corporation (EBC)

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Min. Group Size

-

Lives Serviced

25,000

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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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Ameriflex

Ameriflex

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Min. Group Size

-

Lives Serviced

1,777

Average Cost

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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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BBP Admin

BBP Admin

5.0 (1)
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Min. Group Size

-

Lives Serviced

70,000

Average Cost

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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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HealthKick

HealthKick

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Company Overview

Founded

February 2016

Employees

20

Funding Summary

None

Clients Your Size Clients Your Size

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About HealthKick

HealthKick’s wellness benefits platform delivers a curated ecosystem of over 250 health and wellness services across all dimensions of wellbeing - from ClassPass to BetterHelp, Daily Harvest, Oova Fertility and Penny Finance personalized to employees' unique needs with a built-in digital wallet for wellness stipend (LSA) and reimbursement management. An engagement suite offers 1:1 coaching, on-demand classes and live wellbeing webinars. HealthKick’s fully customizable platform also offers enhanced benefits navigation by integrating existing wellness benefits (EAP, etc) to ensure employees can access the right benefits for their lifestyle.
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Medcom Benefit Solutions

Medcom Benefit Solutions

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Company Overview

Founded

1983

Employees

85

Funding Summary

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
Flores Associates

Flores Associates

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Company Overview

Founded

1986

Employees

107

Funding Summary

Not Provided

Clients Your Size Clients Your Size

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About Flores Associates

Flores is a leading national administrator of tax-advantaged consumer based reimbursement plans such as health and dependent care spending accounts (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs) and qualified transportation expenses (QTEs). Additionally, Flores handles COBRA administration and billing services for employers. In 2018, we introduced our newest benefit solution, life.balanced. Lifestyle Reimbursement Accounts (LBAs), an affordable post-tax reimbursement option for the culture-driven employer. Headquartered in Charlotte, NC, Flores has emerged as the leader in this field through the use of innovative technology, dedicated professionals, and an uncompromising commitment to superior service.

We are... Show More
HSA Bank, a division of Webster Bank, N.A.

HSA Bank, a division of Webster Bank, N.A.

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Founded

1997

Employees

625

Funding Summary

Not Provided

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About HSA Bank, a division of Webster Bank, N.A.

Since 1997, HSA Bank has been leading the way to a healthy financial future for our clients and members. HSA Bank uses technology and innovation to simplify the health account experience while offering reliable and responsive support to our business partners and members. This commitment to leadership has propelled us to become one of the nation's largest providers of Health Savings Accounts (HSAs) with $10.8 billion in assets under administration. We also offer Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs) and Commuter Benefits (Mass Transit & Parking).

Headquartered in Wisconsin, HSA Bank is a division... Show More
American Benefits Group

American Benefits Group

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Founded

1987

Employees

50

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About American Benefits Group

From our founding in 1987 as one of the nations’ s first flexible benefits administrators, American Benefits Group has evolved as one on the leading national solution providers of pre tax consumer reimbursement account based benefits (FSA, HSA, HRA, Commuter) as well as COBRA and Direct Billing services. Our seamless reimbursement management process maximizes value and efficiency, our customer service trademarks are lightning fast processing, accurate and personalized responses to questions, along with dedicated and certified account management and participant support specialists.

Renowned for our exceptional service delivery and flawless execution, ABG has been recognized repeatedly by... Show More
Beanstalk Benefits

Beanstalk Benefits

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Min. Group Size

-

Lives Serviced

400

Average Cost

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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

Employees

Funding Summary

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
Edenred Benefits

Edenred Benefits

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Min. Group Size

-

Lives Serviced

150,000

Average Cost

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Edenred Benefits Lifestyle Spending Accounts are the most flexible programs we offer. This employee benefit can be used to pay for health, fitness, and more to help your employees’ general health and well-being.... 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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