It’s an employer-funded account that reimburses employees for lifestyle and wellness costs in the categories you choose, such as fitness, family activities or learning. You set the annual amount. LSAs are also called wellness spending accounts or personal spending accounts. Unlike a health spending account, reimbursements are taxable to the employee.
What is a lifestyle spending account?
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More about lifestyle spending accounts
A taxable allowance employees spend on their own wellbeing, for organizations focused on attracting and keeping talent.
More questions about lifestyle spending accounts
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