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Lifestyle Spending Accounts
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Employee-built wellbeing programs
Edenred’s Lifestyle Spending Accounts (LSA) provide employees with access to flexible, pre-tax funds to subsidize their choice of wellbeing options.
From fitness and entertainment, to personal development, meals and more, employers can customize coverage and spend limits for their employees. From the options available, employees will have the freedom to choose how to use their funds.
Lifestyle Spending Accounts support every employee at an individual level, helping to increase employee satisfaction, wellbeing and productivity, while reducing financial strain.
Why offer lifestyle benefits?
Celebrate your team’s individuals
Traditional benefits are reactionary and prescriptive. Edenred’s LSA accounts encourage employees to use benefit funds on activities and options that matter most to them.
Give employee morale a boost
Providing choice sends a clear message to the entire team: individual well-being is essential to the health of the organization.
Enhance engagement and productivity
With no hoops to jump through or strict requirements to meet, engagement with this self-directed wellness program is enjoyable — and higher.
Differentiate employer brand
As the employer, you determine which coverage areas align with your brand and choose solutions and limits that set you apart from the competition.
Discover how Edenred meets your company’s goals and values
Flexible options beyond traditional “wellbeing”
On-the-go app
Customer service in English and Spanish — chat or phone
World-class tech and support teams
Edenred-exclusive discounts
Employer-determined funding frequency
Available with Edenred Lifestyle Benefits
Food
Restaurants, Groceries, Delivery, and Exclusive Discounts
Entertainment
Theatre, Movies, Events, Recreation
Education
Classes, Certifications, Seminars
Clothing and household furnishings
Clothing/accessories, Furniture stores, Household appliances
Family, including pets
Babysitting and nanny services, Pet sitting, Pet wellness
Transportation and mobility
Car washes, Towing, Auto Supplies, Gas, EV charging
Travel
Airlines, Car rental, Travel agencies, Camping, RV Parks
Physical wellbeing
Gyms, Fitness classes, Gear, Massage, Yoga
Finally, an employee wellbeing program everyone can love
Employee participation goes up…
Flexible-use options make Edenred’s Lifestyle Spending Accounts an easy opt-in choice for employees.
…and they save money on things they love
Every Edenred partner provides exclusive discounts that participants can use with or without employer subsidies.
Employers see results…
Wellbeing may look different for every employee but results are universal: stress drops, wellbeing improves, productivity and morale soar.
…Customize for the team…
Employer customization helps coverage selections align with the employer brand. Controls allow you to set geo-restrictions, eligible days, and spending limits, too.
…And differentiate their employer brand
Providing individual choice sends a strong message to the team you want to retain and the recruits you want to hire.
How Edenred’s Lifestyle Spending Account works across your organization
Employees
All Edenred benefits are accessed and managed on-the-go via app or web portal and with a debit or prepaid card—Edenred-exclusive discounts included!
HR / Benefits team
No more a la carte solutions! With Edenred, HR teams can work on one platform with a single provider —and years of benefits experience.
Employer brand
Employer controls let you decide which benefits best align with your brand. Flexible coverage and individual choice increase participant engagement.
Legal
Edenred benefits solutions meets all global data security standards (including GDPR), are FDIC insured, SOC 2 Type II certified, and PCI compliant.
Secure financial transactions plus data security in every Edenred LSA
GDPR-equivalent data security
Proprietary payment platform
SOC 2 type II certification
PCI compliant
FDIC insured
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Ready to get started?
Save money for your employees–and your company–with commuter benefits
Commuter benefits are tax-free fringe benefits authorized by Section 132(f) of the Internal Revenue Code, which allows employees to pay for commuting expenses using pre-tax dollars. Companies also benefit because they save on payroll taxes each year.
FAQs about Edenred’s Lifestyle Savings Accounts
Can I limit the purchases my employees make with their LSA?
What is a lifestyle reimbursement?
How much is the annual lifestyle allowance for employees?
What expenses are eligible for a lifestyle spending account?
Edenred’s Lifestyle Spending Account (LSA) can be used to cover a variety of benefits including the following, although employers also have the option to add limits to the coverage and purchases:
- Food
- Entertainment
- Education
- Clothing and household furnishings
- Family and pets
- Transportation and mobility
- Travel
- Physical wellbeing