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Better recognition. Better engagement. Better together.

 

Lifestyle Spending Accounts

Modernize lifestyle benefits
without the reimbursement headache

Awardco helps organizations simplify lifestyle and wellness benefits with a more flexible experience for employees and more control for admins.

impact of Lifestyle spending accounts

The benefits of investing in your people

Benefit Dissatisfaction

Only 61% of employees are satisfied with their benefits

Benefit Importance

80% of employees would rather see new benefits than a pay raise

Attrition Risk

55% of workers have left positions after finding better benefits elsewhere

Retention Boost

30% of employees cite benefits as the reason they stay at their company

Growing Popularity

According to a 2024 report, 43% of companies are expected to offer LSAs by 2025

Increased Impact

93% of employees consider well-being support as important as salary

What Are Lifestyle Spending Accounts?

Better benefits for a better lifestyle

Like an HSA but with a wider net of spending options, LSAs offer employees a tax-sheltered benefit to spend on things they need.

Comprehensive Features

Why admins and employees love LSAs

Easily administrate and facilitate LSAs for global employees, giving them the support they want and need.

People exercising and learning about spending points at wellness center
Rewards Network
Childcare, pet care, commuting, etc.
Stipends for exercise equipment or gyms
Mental or financial health counseling
Spend your LSA on Wellness and Home Office Equipment categories
Flexibility
Offer equitable rewards on any cadence
Adjust reward amounts to fit any budget
Set up custom catalogues for even more options
Two people working together on laptops with budget chart showing growth
Ease of Administration
Track spend, redemption, and budgets
Manage tax-related information
Automate recurring point distribution

Complete Flexibility

LSAs and A-Pay™ Cards

A-Pay makes LSAs even easier. Immediately access points, enable spend flexibility, and gather all the right data when employees use their digital or physical card on LSA purchases.

"Awardco has given us incredible power and flexibility with our recognition programs because of the millions of options to choose from, and the ability for employees to choose their own rewards has been a game changer. We know what we’re getting, and our employees couldn’t be happier.”
Cheryl Vincent, Talent Development Manager
363
%
increase in appreciation
18
%
boost in employee satisfaction
Engagement
Hand preparing coffee with modern espresso machine at home
120
%
increase in performance with effective recognition and rewards programs
120
%
increase in performance with effective recognition and rewards programs

Wow! Mobile Boutique also saw a 10% increase in engagement and a 50% increase in productivity after implementing recognition programs through Awardco.

Work-life balance
Pregnant woman in meeting with colleague at office desk, discussing work
87
%
of employees expect employer-supported work-life balance
87
%
of employees expect employer-supported work-life balance

Alera Group enhanced their work-life balance and employee satisfaction scores by building a value-driven culture of appreciation using Awardco.

Wellness ROI
Father working on laptop with young child nearby, sharing a tender moment
400
%
return on every dollar spent on mental health and wellness in the workplace
400
%
return on every dollar spent on mental health and wellness in the workplace

Citizen's Business Bank saw a 150% increase in wellness program participation through Awardco.

FAQ

Frequently asked questions

What is a Lifestyle Spending Account (LSA)?
 

A Lifestyle Spending Account is an employer-funded benefit that helps employees pay for approved wellness or lifestyle-related expenses. Companies often use LSAs to support categories like fitness, wellbeing, family support, or other employee experience goals while keeping the program separate from traditional health-plan benefits.

How does Awardco help simplify lifestyle spending accounts?
 

Awardco helps organizations reduce the friction that often comes with manual LSA administration. Instead of relying on paper trails, reimbursement-heavy workflows, or disconnected systems, teams can create a more streamlined experience for employees while giving admins better visibility into balances, usage, and program activity.

Can Awardco support LSA programs alongside employee recognition?
 

Yes. Awardco can help organizations bring lifestyle benefits and employee recognition into one broader platform experience. That gives teams more flexibility to start with one use case and expand over time, while reducing the need to manage separate tools for adjacent employee programs.

Can companies start with an LSA program first and add other Awardco programs later?
 

Yes. Some organizations want to begin with a focused lifestyle or wellness benefit, then expand into recognition, incentives, milestone programs, or additional employee experience initiatives later. Awardco supports that more phased approach so teams can start where the need is strongest.

How does Awardco help control eligible LSA spending?
 

Awardco helps organizations create more structure around how lifestyle benefit funds are used. That can include aligning the experience to approved categories, program rules, and other spending guardrails so companies can offer flexibility to employees without turning the program into a free-for-all.

How does Awardco make lifestyle benefits easier for employees to use?
 

Awardco helps reduce the friction that can keep employees from using their benefit in the first place. Instead of making employees navigate cumbersome reimbursement steps or disconnected systems, organizations can create a simpler, more accessible experience that helps employees understand and use the benefit more easily.

Why use Awardco for LSAs instead of managing a separate LSA tool?
 

For many organizations, the value is not just in offering a lifestyle benefit. It is in reducing administrative complexity and creating a more connected employee experience. Awardco helps teams support LSAs within a broader platform strategy, which can make it easier to unify benefit experiences, recognition programs, and long-term employee engagement efforts.

PMG
Awardco made it easy for every employee, whether in Dallas or the UK, to feel seen, valued, and celebrated.
Pam Buyers
Head of Culture
NIBCO
We’ve always had some sort of recognition program, but never anything all-inclusive where all associates at every location were engaged in the same program—until Awardco.
Dawn Bloch
Chief People Officer
NIBCO
We've put a lot of resources and focus on associate engagement and overall morale and wellness. Because of the initiatives that we've put forth this year, we've realized an 8.2% reduction in our turnover rate.
Dawn Bloch
Chief People Officer
Americare Senior Living
Our caregivers give so much emotionally—it’s intense work. Recognition helps keep them engaged and supported.
Pat Cokingtin
Senior VP of Sales & Marketing
Americare Senior Living
Recognition fits into our strategies for turnover and helping us retain good caregivers… because everyone wants to know how they're performing. They want to know if they're doing a good job. And sometimes we forget to stop and say thank you. Recognition helps us do that easily and consistently.
Mary Eaves
Senior VP of Operations (Assisted Living Division)
NIBCO
People like to be recognized for what they’ve contributed. They’re proud of their work—and they should be.
Ashley Martin
President & CEO
Americare Senior Living
If you want a feel-good moment, just log in and scroll through the recognition feed.
Mary Eaves
Senior VP of Operations (Assisted Living Division)
Citizens Business Bank
Every year, we encourage our associates to go get their annual physical. If you turn [a] form in, you get Awardco points. It's another way to tie healthy lifestyle to what's important to us in the bank to making an impact with our associates.
Jenny Ketchepaw
VP, Talent Engagement
 
 

Ready to see Awardco in action?

Learn how Awardco can build culture, incentivize performance and power engagement for your team.