What Is a lifestyle spending account?

A Lifestyle Spending Account (LSA) is an employer funded, post-tax spending account designed to help your clients develop healthy habits and promote overall well-being. Eligible expenses and plan details are customizable by the employer.

Examples of eligible expenses with a LSA

Physical

Financial

 Emotional/Other
Athletic + Exercise Equipment Student Loan Reimbursement Non-Medical Counseling Services
Gym, Health Club, Spa, and Fitness Studio Membership Home Purchase Expense Reimbursement

Retreats (leadership, spiritual)
Fitness Classes + Lessons Financial Advisor + Planning Services Camping Supplies
Personal Trainer, Fitness Tracker Financial Seminars + Classes Meditation + Personal Development Classes (art, cooking)
Entry Fees (marathon) + Passes (Ski, Golf) Pet Insurance Premiums Annual Park Pass, Hunting, and Fishing Licenses

How Does It Work?

Participating in a Surency Flex LSA is easy.

  1. The employer contributes a specified amount to each of thier employee’s account each year. 
  2. Employees can file a claim electronically after paying upfront for an eligible expense during the Plan Year from the mobile app or Member Account, employees will be reimbursed with money from their LSA, as long as funds are available.
  3. The employer determines if funds carryover at the end of each year. If carryover is not available, your clinets' employees must use the funds in their LSA by the end of the year.

Why Surency?

We’ve mapped out every aspect of the consumer experience down to the smallest detail to ensure your cleints' employees understand the benefit — guaranteeing a positive experience for both employees and employer. 

Interested in offering your clients an LSA?

Fill out the form below to get started. A Surency team member will reach out to help you with your custom Surency Flex solution. 

RFP Form

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