Lifestyle Spending Accounts

Modernise lifestyle benefits
without the reimbursement headache

Awardco helps organisations 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

Dissatisfaction with benefits

Only 61% of employees are satisfied with their benefits

Importance of benefits

80% of employees would rather have new benefits than a pay rise

Attrition Risk

55% of workers have left roles 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

LSAs are a recurring benefit that allows employees to spend dedicated points on a wide-variety of wellbeing needs.

Comprehensive features

Why admins and employees love LSAs

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

People exercising and learning about wellness and financial literacy
Rewards network
Childcare, pet care, commuting, etc.
Stipends for exercise equipment or gyms
Mental or financial health counselling
Spend your LSA on Wellness and Home Office Equipment categories
Flexibility
Offer equitable rewards on any schedule
Adjust reward amounts to suit any budget
Set up custom catalogues for even more options
Colleagues discussing budget chart showing £134,250 with 10% increase
Ease of administration
Track spend, redemptions, 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.

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"Awardco has given us incredible power and flexibility with our recognition programmes 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 engagement with effective recognition and rewards programmes
120
%
increase in engagement with effective recognition and rewards programmes

Wow! Mobile Boutique saw engagement scores rise dramatically after implementing recognition programmes 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 improved 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 wellbeing in the workplace
400
%
return on every dollar spent on mental health and wellbeing in the workplace

Citizen's Business Bank saw a 150% increase in wellbeing programme 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 programme separate from traditional health-plan benefits.

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How does Awardco help simplify lifestyle spending accounts?
 

Awardco helps organisations 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 programme activity.

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Can Awardco support LSA programmes alongside employee recognition?
 

Yes. Awardco can help organisations 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 programmes.

Can companies start with an LSA programme first and add other Awardco programmes later?
 

Yes. Some organisations want to begin with a focused lifestyle or wellness benefit, then expand into recognition, incentives, milestone programmes, 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 organisations create more structure around how lifestyle benefit funds are used. That can include aligning the experience to approved categories, programme 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, organisations 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 organisations, 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 programmes, and long-term employee engagement efforts.

NIBCO
When we implemented Awardco, we refreshed everything and synced all service dates to our HRIS. It works flawlessly now—and the person who used to manage that spreadsheet is very happy.
Dawn Bloch
Chief People Officer
BPM
We use recognition as a tool to motivate and encourage our employees—everyone knows Awardco because we actively use it for any and all employee incentives.
Monica Delgado
Senior Manager of Total Rewards
NIBCO
We’ve always had some sort of recognition programme, but never anything all-inclusive where all associates at every location were engaged in the same programme—until Awardco.
Dawn Bloch
Chief People Officer
Americare Senior Living
Recognition is integral to our staff turnover strategies and helps us retain excellent caregivers… because everyone wants to know how they are performing. They want to know if they are doing a good job. 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)
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
And we've also tied that to wellness... 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
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
Citizens Business Bank
Getting buy in for wellbeing can be kinda challenging because we're all busy. Right? And so now go work out or go do this. And so partnering with organisations such as Awardco, we're trying to think outside of the box and create different types of challenges.
Jenny Ketchepaw
VP, Talent Engagement
 
 

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