Lifestyle Spending Accounts
Your clients likely need different benefits offerings to attract and retain employees. Lifestyle Spending Accounts (LSAs) provide employers the opportunity to offer additional benefits that meet the new needs of the workforce.
Funded by employers, LSAs allow employees more choice and pay for lifestyle, health, and wellness benefit options that meet their specific needs.
As an after-tax benefit, an LSA isn’t subject to government reporting requirements, contribution limits, limits on types of disbursements, or categories of employee eligibility. Employer contributions are tax-deductible and employers can decide how often funds are distributed into the account and what types of purchases are considered eligible.
Help your clients incentivize current employees, recruit new employees, and be positioned for success in this challenging environment by offering employees extended benefits to promote their physical, mental, emotional, and financial wellness. Get the details.