Summit equips TPAs to go beyond “typical” benefit offerings to meet the needs of today’s diverse workforce with Lifestyle Spending Accounts.
Lifestyle Spending Accounts (LSAs) are post-tax, employer-funded reimbursement accounts that assist employees in accessing products, services, or activities that help improve their overall sense of well-being.
Expenses eligible for LSA reimbursement are chosen by the employer and can be nearly unlimited in scope. Many employers choose expenses within the categories of physical fitness, mental health, and financial literacy. Others select education and enrichment activities. Still others prefer sports participation fees, cultural activities, or costs associated with leisure travel. No other benefits account provides employers with so much flexibility to address employee needs and interests.
What better way to get where you want to grow?