10 ways to save money on employee benefits with Lifestyle Spending Accounts

Giving your employees the power to choose where they want to invest their benefit dollars is very powerful.

Saved

500k

in 6 months by replacing expense ticketing system ($8/claim)

This benefit provides that equitable, inclusive option for all employees, all generations. It covers everybody.

Cut HR administration time by

4/5

Forma’s UX is great. The platform is very easy to use and navigate.

97%

LSA participation among employees

‍

I can’t emphasize enough the flexibility of Forma. The administration is just practically zero.

Reduced time reviewing receipts by

80%

‍

We worked closely with Forma to ensure our implementation reflected country-by-country nuances; the implementation was seamless.

Reduced employee call volume by

20x

The administrative burden is zero.

Ranked Forma their

#1

benefit offering

We’ve always had a strong benefits program in the US and now can bring that to a global level.

Leveraged the LSA model to direct employees to choose enrollment in their HMO medical plan.

This is a wellness product that fits all our team members’ needs, regardless of preferences, goals, or work location.

Forma gives us the ability to provide flexible perks to meet the needs of our diverse and distributed workforce.

Eliminated burdens of manual claims via manual ticketing systems.

Reduced employee inquiries by

1/2

$1 in LSA saved $6 in healthcare costs.

Reduced admin time from 128 hrs/month to just

15 min

From the administration side, it’s super-intuitive. If we need to make any changes, it’s really simple.