Can I use a Lifestyle Spending Account (LSA) for home gym equipment?
Can you use your LSA for home gym equipment in 2025? Learn what’s covered and how to maximize your wellness benefits today!
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Are you wondering if you can use your Lifestyle Spending Account (LSA) to purchase home gym equipment?
With the rise of remote work and the growing emphasis on employee wellness, many companies are offering LSAs as a flexible benefit option.
In this article, we'll explore what LSAs are, how they work, and whether you can use them to invest in your home fitness setup.
What is a Lifestyle Spending Account (LSA)?
A Lifestyle Spending Account is an employer-funded benefit that provides employees with a set amount of money to spend on eligible wellness-related expenses. LSAs are designed to support employees' overall well-being by offering flexibility and choice in how they allocate these funds.
Unlike traditional benefits like health insurance or retirement plans, LSAs allow employees to decide what wellness means to them and invest in the areas that matter most. This could include anything from fitness equipment and gym memberships to mental health apps and financial education.
LSAs are typically funded by the employer on a regular basis, such as monthly or annually. Employees can then submit receipts for eligible expenses and receive reimbursement up to their allotted amount. Some employers may also offer a debit card linked to the LSA for added convenience.
Examples of LSA-eligible expenses
The specific expenses covered by an LSA can vary depending on the employer's program. However, some common categories include:
Fitness equipment and gym memberships: Many LSAs allow employees to purchase home gym equipment like weights, yoga mats, and cardio machines. They may also cover the cost of gym memberships, fitness classes, or personal training sessions.
Nutritional counseling and meal planning services: Some LSAs may cover the cost of working with a registered dietitian or nutritionist to develop a personalized meal plan. They may also reimburse for healthy meal delivery services or cooking classes.
Stress management and mental health apps: With the growing recognition of the importance of mental health, some LSAs now cover the cost of stress management programs, meditation apps, or online therapy sessions.
Financial planning and education: LSAs may also support employees' financial wellness by covering the cost of financial planning services, budgeting apps, or educational workshops on topics like investing or debt management.
What types of home gym equipment are eligible under LSAs?
LSAs offer a wide range of eligible expenses, including various types of home gym equipment. This flexibility allows you to create a personalized fitness setup that meets your specific needs and preferences. Let's take a closer look at some of the most common categories of home gym equipment that may be covered under your LSA.
Cardio machines
Cardiovascular exercise is an important component of any well-rounded fitness routine. Many LSAs allow you to purchase cardio machines for your home gym, such as:
- Treadmills
- Ellipticals
- Stationary bikes
- Rowers
These machines provide a convenient way to get your heart rate up and burn calories without leaving your home. When choosing a cardio machine, consider factors like space, noise level, and your personal fitness goals.
Strength training equipment
Strength training helps build muscle, increase bone density, and boost metabolism. Your LSA may cover a variety of strength training equipment, including:
- Free weights (dumbbells, barbells, and weight plates)
- Kettlebells
- Resistance bands
- Weight benches
Investing in a set of adjustable dumbbells or a versatile weight bench can provide a full-body workout with minimal equipment. Resistance bands are also a portable and affordable option for strength training at home.
Fitness accessories
In addition to larger pieces of equipment, LSAs often cover smaller fitness accessories that can enhance your workouts. Some examples include:
- Yoga mats
- Foam rollers
- Recovery tools (massage guns, compression sleeves, and lacrosse balls)
These accessories can help improve flexibility, reduce muscle soreness, and prevent injuries. A high-quality yoga mat, for instance, provides cushioning and grip for floor-based exercises, while foam rollers and massage guns can help relieve tension and promote recovery.
Virtual fitness subscriptions
With the rise of digital fitness platforms, many LSAs now cover the cost of online workout subscriptions and streaming services. These virtual options provide access to a wide range of classes and programs, such as:
- Yoga
- Pilates
- Strength training
- Cardio
- Dance
Virtual fitness subscriptions offer the convenience of working out from home with the guidance of experienced instructors. They also provide variety and flexibility, allowing you to try new workouts and find a program that fits your schedule and preferences.
Before purchasing any home gym equipment through your LSA, be sure to check your employer's specific guidelines and eligibility requirements. Some programs may have restrictions on the types of equipment or the maximum reimbursement amount. By understanding your LSA's guidelines, you can make informed decisions and maximize the value of this wellness benefit.
Benefits of using LSAs for home gym equipment
Using your Lifestyle Spending Account (LSA) to purchase home gym equipment offers several advantages that can positively impact your physical and mental well-being, as well as your wallet.
Convenience and flexibility
One of the primary benefits of using your LSA for home gym equipment is the convenience and flexibility it provides. With a home gym setup, you can work out whenever it fits your schedule without the need to commute to a gym or fitness studio. This is especially beneficial for those with busy lifestyles or irregular work hours.
Having your own equipment also allows you to create a personalized workout routine tailored to your specific fitness goals and preferences. You can choose the exercises and equipment that work best for you and progress at your own pace without feeling self-conscious or pressured in a public gym setting.
Cost savings
Investing in home gym equipment through your LSA can also lead to significant cost savings in the long run. While the initial purchase of equipment may seem expensive, it can offset the ongoing cost of gym memberships, which can add up over time.
According to a survey by MyProtein, the average monthly cost of a gym membership in the United States is $58, which equates to nearly $700 per year. By using your LSA funds to build a home gym, you can eliminate this recurring expense and enjoy the benefits of exercise without the added financial burden.
Improved physical and mental well-being
Perhaps most importantly, using your LSA for home gym equipment can contribute to improved physical and mental well-being. Regular exercise is linked to numerous health benefits, including:
- Reduced risk of chronic diseases like heart disease, diabetes, and certain cancers
- Improved cardiovascular health and lung function
- Increased muscle strength and bone density
- Better weight management and body composition
- Enhanced mood, reduced stress, and improved sleep quality
By making exercise more accessible and convenient through a home gym setup, you may be more likely to establish a consistent fitness routine. This can lead to long-term improvements in your overall health and quality of life.
Moreover, having a dedicated space for exercise in your home can provide a much-needed escape from the stresses of daily life. Engaging in physical activity releases endorphins, which are natural mood-boosters that can help reduce anxiety and depression. Even short bouts of exercise can provide an immediate boost to your mental well-being and help you feel more focused and productive throughout the day.
How do LSAs work for home gym equipment purchases?
When using your LSA for home gym equipment, the process typically involves a few key steps. First, your employer will set eligibility criteria and spending limits for the LSA funds. This may include specific types of equipment that are covered, such as cardio machines, strength training equipment, or fitness accessories.
Once you've confirmed that your desired home gym equipment is eligible under your LSA, you can proceed with the purchase. Keep in mind that some LSA programs may offer a curated marketplace or partnerships with specific fitness retailers, which can streamline the buying process and ensure that you're selecting approved items.
After purchasing your home gym equipment, you'll need to submit receipts or proof of purchase to your employer or LSA administrator for reimbursement. This may involve uploading digital receipts through an online portal or submitting physical copies via mail or in person.
The reimbursement process may vary depending on your employer's LSA program. Some may offer direct deposit into your bank account, while others may provide a separate debit card specifically for LSA expenses. Be sure to familiarize yourself with your company's specific guidelines and procedures to ensure a smooth reimbursement process.
It's important to note that LSA funds typically have an expiration date or "use it or lose it" policy. This means that if you don't use your allotted funds within the designated time frame (usually a calendar year), you may forfeit any remaining balance. To maximize the value of your LSA, consider planning your home gym equipment purchases strategically and using your funds before they expire.
By leveraging your LSA for home gym equipment, you can create a personalized fitness space that supports your health and wellness goals. This benefit offers the flexibility to choose equipment that aligns with your preferences and lifestyle, making it easier to maintain a consistent exercise routine and prioritize your physical and mental well-being.
Are there any restrictions on home gym equipment purchases with LSAs?
While LSAs offer flexibility in purchasing home gym equipment, it's important to be aware of any restrictions or limitations set by your employer. These guidelines ensure that the program remains fair and aligned with the company's wellness objectives.
One common restriction is an annual spending limit or a per-item maximum. Your employer may cap the total amount you can spend on home gym equipment each year or set a limit on the cost of individual items. This helps to distribute the benefits equitably among employees and encourages responsible spending.
Additionally, certain types of equipment or brands might be excluded based on company policy. For example, your employer may not cover the purchase of high-end, luxury fitness equipment or items that are primarily used for recreation rather than exercise. It's crucial to review your employer's specific LSA guidelines before making a purchase to ensure that your desired equipment is eligible for reimbursement.
If you're unsure about whether a particular item qualifies under your LSA, reach out to your HR department or benefits administrator for clarification. They can provide guidance on the program's rules and help you make informed decisions about your home gym purchases.
By understanding and adhering to your company's LSA restrictions, you can maximize the value of this benefit while staying within the program's parameters. With careful planning and consideration, you can create a home gym setup that supports your fitness goals and enhances your overall well-being.
How to maximize your LSA for home gym equipment
When using your LSA for home gym equipment, it's important to make strategic choices that maximize the value of your benefits. By carefully planning your purchases and considering factors like versatility, durability, and cost-effectiveness, you can create a home gym setup that supports your long-term fitness goals and provides the best return on investment.
Research and compare options
Before making any purchases, take the time to research and compare different equipment options. Look for items that align with your specific fitness goals, whether that's strength training, cardio, or flexibility. Consider the space constraints of your home gym area and choose equipment that fits comfortably without compromising functionality.
It's also important to read reviews and compare prices from multiple retailers to ensure you're getting the best value for your money. Don't be swayed by flashy marketing or trendy items that may not suit your needs. Instead, focus on equipment that has a proven track record of effectiveness and reliability.
Prioritize versatile and durable items
When selecting home gym equipment, prioritize items that offer versatility and durability. Look for multi-functional pieces that can be used for a variety of exercises, such as adjustable dumbbells, resistance bands, or a weight bench with attachments. These items allow you to perform a wide range of movements and can be adapted as your fitness level progresses.
Investing in high-quality, durable equipment may cost more upfront, but it can save you money in the long run by reducing the need for frequent replacements. Choose items made from sturdy materials and with solid construction to withstand regular use over time.
Take advantage of sales and discounts
To stretch your LSA funds further, keep an eye out for sales and discounts on home gym equipment. Many retailers offer significant markdowns during major shopping events like Black Friday, Cyber Monday, or end-of-season clearances. By timing your purchases around these sales, you can score great deals on top-quality items.
You can also look for bundle deals or package discounts that include multiple pieces of equipment at a reduced price. These offers can be especially valuable if you're starting from scratch and need to build a complete home gym setup.
Utilize your full LSA allocation
Finally, make sure you're utilizing your full LSA allocation each year. Review your employer's guidelines on funding cycles and expiration dates, and plan your purchases accordingly. If you have a larger equipment purchase in mind, consider splitting the cost across two funding cycles to maximize your benefits.
Keep track of your LSA spending throughout the year to ensure you're not leaving any money on the table. If you have funds remaining near the end of the cycle, consider investing in smaller accessories or equipment upgrades that can enhance your workouts.
By following these strategies, you can make the most of your LSA benefits and create a home gym that supports your health and wellness goals. With careful planning and smart purchasing decisions, you can enjoy the convenience and flexibility of working out at home while maximizing the value of your employer-provided benefits.
Is using an LSA for home gym equipment worth it?
Investing in your physical health and well-being through an LSA can yield significant rewards. Home gym equipment offers convenience, flexibility, and long-term cost savings compared to traditional gym memberships. With the ability to work out on your own schedule and in the comfort of your home, you may find it easier to maintain a consistent fitness routine.
Moreover, regular exercise has been shown to reduce stress, improve mood, and boost overall well-being. By using your LSA to create a personalized home gym setup, you can prioritize your physical and mental health, leading to increased productivity and job satisfaction.
When selecting equipment for your home gym, focus on versatile, durable items that align with your fitness goals. Researching options, comparing prices, and taking advantage of sales can help you maximize the value of your LSA funds. Consider the long-term benefits of having a convenient, accessible workout space in your home, and how it can support your health and wellness journey.
Ultimately, the decision to use your LSA for home gym equipment depends on your individual needs and preferences. However, for many employees, the opportunity to invest in their physical well-being and create a sustainable fitness routine is a worthwhile use of their LSA funds. By carefully planning your purchases and utilizing your benefits strategically, you can unlock the full potential of your LSA and enjoy the numerous benefits of a home gym setup.
Forma makes it easy to maximize your Lifestyle Spending Account (LSA) by offering flexible benefits that cover home gym equipment, fitness services, and more. With a seamless reimbursement process and employer-customized options, you can invest in your health without the hassle. Schedule a consultation with one of our experts today.
What do you do if you're unsure?
If you're unsure about LSA eligibility, it's best to consult your benefits administrator or refer to your employer's LSA policy documentation for clarification.
What are LSA benefits for employers?
If you're an employer, there are multiple benefits to offering LSAs to your employees, including:
- Providing flexible support for diverse employee needs
- Increasing employee financial wellness and reducing stress
- Enhancing your total benefits package to attract and retain talent
- Demonstrating commitment to employee work-life balance
- Supporting employees through various life stages and situations
Want to learn more about LSAs? Check out our Lifestyle Spending Accounts (LSAs) benchmark report for 2025.
Get started with Forma today
Looking to offer an LSA as part of your employee benefits package? At Forma, we provide Lifestyle Spending Accounts to companies worldwide.
If you want your business to enhance employee wellbeing through the flexibility of LSAs, fill out the form below, and one of our experts will be in touch.