Lifestyle Spending Account (LSA)

What is a lifestyle spending account (LSA)?

A Lifestyle Spending Account (LSA) is an employer-funded, post-tax spending account, with eligible expenses and plan details customized by the employer, that promotes healthy habits and overall well-being.

Easily create and offer an LSA.

Build an LSA that works best for you (and your clients).

No matter how you want to set up your lifestyle spending account, from the categories you want to cover or flexible reimbursement options, you can create a custom LSA that makes sense for you.

Get help from experts along the way.

Need guidance on what options would work best? Or insight into how lifestyle spending accounts can be customized? We’re here to help.

Options for Employee Reimbursement

1. Reimburse through payroll.

Allows for you to do the reimbursement and tax withholdings simultaneously through payroll.

2. Reimburse directly by LBS.

LBS processes claims and reimburses the employee directly allowing for more timely reimbursement and the employee receives the full amount. LBS provides you with reporting of amounts available and reimbursed to employees. This will allow you to report appropriate taxes.