Set Your Clients Apart with Lifestyle Spending Accounts
- Download our information-packed whitepaper on Lifestyle Spending Accounts at no charge
- Get a $25 Gift Card – choose from 10 different vendors who offer some of the items that could be included in an LSA. Deadline to make your choice is August 31 at 5:00 PM (Central).
GET TWO FREE GIFTS!
Lifestyle Spending Accounts Support Almost Unlimited Benefit Options. Here are some common examples:
Whether it's Lifestyle Spending Accounts, employee support programs, disaster relief, or another creative benefit, the DataPath COMPASS™ Card helps TPAs address employers' specific needs.
Backed by over a decade of experience in end-to-end card processing, COMPASS helps you go beyond the usual benefit packages while delivering a first-class customer experience.
Add to Existing Benefits
Their post-tax status and lack of regulatory restrictions allow LSAs to be offered alongside other benefit accounts without interference.
Enrollment at Any Time
Lifestyle Spending Accounts can be started at any time during the calendar year. They do not have to align with traditional annual enrollment dates.
Tax Considerations
LSAs are completely funded by the employer, with no annual minimum or maximum beyond what the employer chooses. Employees are taxed only on total reimbursements received.
Debit Card or Manual Claims
Depending on employer requirements, LSAs can be accompanied by a convenient, account-linked debit card. Alternatively, employees can be required to incur the expense first and then submit claim documentation before receiving reimbursement.
Full-Featured Mobile App
Using the Summit mobile app, employees can check their LSA account balance, view claims status, file claims, and upload receipts with their smartphones and tablets.
Affordable BPO Services
From plan setup through claims adjudication and reporting, DataPath BPO can help you add Lifestyle Spending Accounts to your services menu with no further burdens on your existing staff.
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