Forma’s Lifestyle Spending Account (LSA) is a cloud-based platform that allows employers to create and manage highly customizable, employer-funded accounts for employees to cover a wide range of personal, wellness, and lifestyle expenses. Employers set eligibility rules and funding levels, while employees choose how to use their allowances, supporting needs such as fitness, family care, professional development, pet care, home office equipment, and more. The platform streamlines administration for HR teams, consolidates benefits management, and provides flexibility to align with company values and budgets. LSAs are designed to increase perceived value of benefits, drive employee engagement, and reduce administrative complexity by only paying for benefits employees actually use. Forma’s LSA platform supports global deployment, integrates with existing HR systems, and offers industry-first eligibility standards for easy configuration.

Key Features

Customizable Benefit Categories Employers define eligible expense categories and rules.

• Fitness, wellness, family care, professional development, pet care, home office, and more
• Toggle-based eligibility standards for easy setup

Employer-Funded, Flexible Accounts Set funding levels and control budgets.

• Only pay for benefits employees use
• Quarterly or annual stipends

Employee Choice & Personalization Employees select benefits that fit their lifestyle.

• Wide range of eligible expenses
• Personalized spending options

Streamlined Administration Automates account management and reporting.

• Consolidated platform for all spending accounts
• Reduces HR workload Global Coverage & Compliance

Supports multinational teams and regulatory needs.

• Configurable for local requirements
• Secure, compliant data handling

Integration with HR Systems Connects with existing HRIS and payroll platforms.

• Simplifies onboarding and eligibility management

Benefits

Increased Employee Engagement Empowers employees to choose benefits that matter most.

• Higher satisfaction and utilization rates
• Supports diverse workforce needs

Cost Efficiency for Employers Optimizes benefits spend and reduces waste.

• Pay only for used benefits
• Flexible budgeting and allocation

Reduced Administrative Burden Automates routine tasks and consolidates management.

• Less manual processing for HR teams
• Simplified compliance and reporting

Differentiation & Employer Branding Aligns benefits with company values and culture.

• Attracts and retains talent
• Supports unique organizational priorities