Excerpt from BenefitsPRO: Personalization is key: why employers should consider offering LSAs
LSAs provide a great amount of flexibility and the opportunity to truly personalize benefits.
As working arrangements continue to evolve, employers are reevaluating how to meet their employees' wellbeing needs and attract and retain talent with competitive benefits. One benefit that a growing number of employers are expressing interest in is the Lifestyle Savings Account (LSA). In fact, data from WTW's 2023 Best Practices in Healthcare Survey found while 7% of employers currently offer LSAs, another 38% are either planning to offer them (7%) or considering adding LSAs by 2025 (31%).