Help your employees plan ahead for their health - and their budgets.

Lifetime Benefit Solutions will take the lead in saving you money, time and hassle while you and your employees enjoy peace of mind that comes with working with a knowledgeable, dependable business partner. With a track record of success for thousands of customers across the nation, Lifetime Benefit Solutions will enable you to benefit from cost savings aligned with today’s tax-favored Flexible Spending Account (FSA) program.

FSA Benefits

  • You and your employees enjoy tax deductions on contributions.
  • Your employees save by using tax-free funds to pay their out-of-pocket medical, dental, vision and dependent care expenses.
  • You can easily stack FSA accounts with Health Reimbursement Accounts (HRAs) and Health Savings Accounts (HSAs), customize them to meet your unique needs, and manage them using one integrated portal.

What is an FSA?

It is an employee benefit plan established under Internal Revenue Code Section 125 that allows your employees to pay for certain qualified expenses on a pretax basis.

Lifetime Benefit Solutions offers three different types of FSA accounts:

Health Care: This popular account can be used to pay for qualified medical expenses not paid by your insurance. Your copayment, deductibles and coinsurance, as well as dental services, prescription drugs and vision services are all examples of qualified expenses.

Limited Purpose: With this account, your employees can be reimbursed for premiums paid for certain non-employer sponsored individual health policies.

Dependent Care: This account allows your employees to be reimbursed for expenses paid for the care of dependents so they can work. Eligible expenses include daycare centers, babysitters, caregivers and after-school programs. This applies to children under age 13, or those of any age who are physically or mentally impaired.

Better Together: Advantages of Partnering with Lifetime Benefit Solutions

  • Enjoy significant tax savings with pretax deductible contributions and tax-free distributions used for qualified plan expenses
  • Quickly and easily access funds with the Health Spending Card used at point of sale, or funds directly deposited to their bank account
  • Enjoy secure access to accounts using a convenient consumer portal available 24/7/365
  • Easily file claims online with the system doing the legwork of determining approval based on eligibility and availability of funds
  • Stay up to date on balances and action required with automated email alerts and convenient portal home page messages
  • Get one-click answers to benefits questions
  • Enjoy debit card substantiation rates that exceed industry standards –meaning less paperwork for your employees
  • Easily manage your account from the convenience of your phone using our mobile app

Access Health Spending Account App

Our Solution Helps You

  • Fight the rising cost of health insurance by offering FSAs along with high deductible insurance plans
  • Offer flexible benefit options
  • Stack FSAs with HRAs and HSAs using one integrated debit card
  • Offer an employer contribution amount and dependent care options
  • Customize eligible expenses
  • Alter plan rules for enrollees with a loss of eligibility

Added Convenience: The LBS Health Spending App

  • Check current balance
  • View account activity
  • File new claims with receipt images
  • Review expense information and enter a new expense

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Find out what qualifies for your FSA account and what is ineligible.

Qualified Expenses List

Our team is highly proficient in all compliance and regulatory requirements of reimbursement account administration (non-discrimination testing, plan documents & SPDs, 5500 E-file, etc.) – we can take this burden off of your team, allowing you to focus on the things that matter most for your business.


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