The Lifestyle Spending Account (LSA) has emerged as a way to encourage employee wellness. An LSA is also a key differentiator in employee benefits packages for employers looking to attract and retain talent.
LSAs are employer-funded, post-tax plans that give employees access to funds they can use on any expenses an employer chooses to positively impact their employees' lives. We offer a standard LSA that includes commonly covered expenses, and we can also work with you to tailor an LSA that includes or excludes specific expenses to meet your exact needs.
ALL ABOUT LIFESTYLE SPENDING ACCOUNTS
Employer determines whether to offer our standard LSA or to further customize the eligible expenses
Employer sets the contribution amounts, frequency and eligible employees
Employee pays out of pocket and submits claims via their online account or the Benefits Mobile App by Discovery Benefits
THE DISCOVERY BENEFITS DIFFERENCE
Flexible plan designs that accommodate your specific goals
All your benefits in one place with one mobile app and one online account
Standard LSA that's either a starting point for customization or a ready-to-go-solution
Payment automation capabilities that speed up reimbursement