Services
LSA
Lifestyle Spending Accounts
Cafe Perks
The Café Health Perks help employers attract and retain employees while encouraging employee wellness.
This is an employer funded post-tax account that can be used for anything from a fishing license to gym memberships.
Services
How it works ?
Employers are the decision-makers when determining what expenses are eligible for reimbursement through a Lifestyle Spending Account. It’s another potential perk that employers can offer to improve their relationship with employees. Plus, the emphasis on health and wellness can help the employer foster a healthy workplace culture.
LSA Advantages
- Funds to use specifically on wellness activities
- Flexible spending opportunities
- Only taxable income when you spend it
Employers Advantages
Employers have endless options in what the LSA will reimburse and how much each employee gets per year. It gives employers an easier option to offer a benefit that’s useful to all employees.
LSA Disadvantages
- Taxable income when spent
- Limitations set by the employer
Employees Disadvantages
As an employee, you’ll add to your taxable income when you spend funds from your LSA. Depending on your company, you might not find the eligible expenses align with your personal lifestyle and wellness needs.
