LSA: Prioritizing Women's Wellbeing in Benefit Plans

5/7/25

Understanding Lifestyle Spending Accounts (LSAs)

As the workforce continues to evolve, so do employee expectations regarding benefits. Employers looking to attract and retain top talent are increasingly turning to Lifestyle Spending Accounts (LSAs) as a flexible way to support employee wellbeing. LSAs are employer-funded, post-tax accounts that can be customized to cover a wide range of expenses, including physical, emotional, and financial wellbeing.

For women in the workforce, LSAs can play a crucial role in promoting holistic health and overall wellbeing. By offering benefits that support physical fitness, mental health, financial security, and personal development, companies can foster a more engaged and productive workforce.

The Importance of LSAs for Women’s Wellbeing

Women face unique challenges in maintaining work-life balance, managing health, and planning for financial security. LSAs can help address these challenges by providing benefits that directly support their diverse needs.

Physical Wellbeing

Women are increasingly prioritizing fitness and healthy living, and LSAs can help remove financial barriers to wellbeing. Employers can customize LSAs to include:

  • Gym memberships and fitness classes (yoga, Pilates, cycling, martial arts)
  • Athletic equipment and apparel (fitness trackers, sports gear)
  • Nutritional supplements (protein powder, vitamins, wellbeing drinks)
  • Fitness events and competitions (marathons, 5Ks, sports leagues)

These options encourage women to maintain an active lifestyle while making health and wellbeing more accessible.

Emotional Wellbeing

Workplace stress, family responsibilities, and personal development all impact women’s mental and emotional wellbeing. LSAs can support:

  • Meditation and mindfulness classes
  • Personal development programs (life coaching, creative workshops)
  • Pet care services (grooming, daycare, dog walking)
  • Wellbeing retreats (spiritual and leadership retreats)

Providing resources for emotional wellbeing not only benefits individual employees but also contributes to a more positive and productive work environment.

Financial Wellbeing

Financial security is a growing concern for many employees, and LSAs can help women take control of their financial future by covering:

  • Financial planning and advisory services
  • Identity theft protection
  • Pet insurance

By offering financial wellbeing support, employers empower women to make informed financial decisions, reducing stress and improving overall job satisfaction.

Continuing Education

Supporting lifelong learning is another way employers can invest in women in their workforce. LSAs can be structured to cover:

  • Work-related certifications and training
  • Non-work-related education (art, cooking, language classes)

For women looking to advance their careers or develop new skills, LSAs provide valuable opportunities for growth and professional development.

Why Employers Should Prioritize LSAs

Providing LSAs as part of an employee benefits package offers multiple advantages:

  • Increased employee engagement and satisfaction
  • Improved talent attraction and retention
  • Greater flexibility in benefits offerings
  • Support for overall employee wellbeing

By customizing LSAs to meet the specific needs of the women in their workforce, employers can create a benefits program that is both competitive and impactful.

Partnering with Lifetime Benefit Solutions for Custom LSAs

For brokers and employers looking to implement a Lifestyle Spending Account, Lifetime Benefit Solutions (LBS) offers a fully customizable solution. Whether you want to cover fitness memberships, wellbeing programs, financial planning, or personal development, LBS provides expert guidance to build an LSA that aligns with your organization’s goals.

With flexible reimbursement options—either through payroll or direct reimbursement—LBS makes it easy to administer LSAs while ensuring employees receive the support they need.

Investing in an LSA program designed with women’s wellbeing in mind not only enhances workplace culture but also positions your company as a leader in employee benefits.

Contact LBS today or visit LifetimeBenefitSolutions.com to explore how an LSA can transform your benefits strategy.