League lifestyle spending account. Note: This is only for League Lifestyle Spending Account (LSA) claims payments. League lifestyle spending account

 
 Note: This is only for League Lifestyle Spending Account (LSA) claims paymentsLeague lifestyle spending account  View, download, and use your digital benefits cards

Find quick answers to your questions about using League and understanding your benefits. By clicking this link. for with your account. Tip: Learn about this payment method. A lifestyle spending account, also known as a lifestyle account, perk allowance, or specialty benefit, is an employer-funded account designed to support employees’ physical, mental, and financial wellness. Should employees’ needs change, you can easily add more dollars to the account. A lifestyle spending (LSA) account is an employer-funded, post-tax spending account, with eligible expenses and plan details customized by the employer, that promotes healthy habits and overall well-being. In short, it is an account funded by the employer that helps pay for expenses not typically covered by a group health plan. Creating-an-RBC-Group-Benefits-account-1570651098102 Article Detail If your League benefits include coverage under an RBC Group Insurance policy, and you have received your Group Benefit ID wallet card in the League app's "Wallet" tab, please follow these steps to create an account with RBC's Group Benefits portal. You can choose your Lifestyle Spending Account (LSA), League Credit, or credit card as Payment Methods when you checkout. Whereas, Lifestyle Spending. Policy Period: May 1, 2021- April 30, 2022 Enrollment Period: Type of Enrollment: PassiveNFL NBA Megan Anderson Atlanta Hawks Los Angeles Lakers Boston Celtics Arsenal F. This includes items like gym & studio memberships, fitness trackers, and athletic gear. Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA). To process your spending account claims, the submission should include the: Vendor name. Another key difference is the focus on preventative measures. In the “Please Select Your Inquiry” box, select the option “ Formal Personal Data Request . This Lifestyle Spending Account (Europe) Service Schedule was last updated on October 18, 2018. Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA) or Health Spending Account (HSA). Navigate to this tab in order to see your entire claims history. For an employee’s League Lifestyle Spending Account (LSA) or Health Spending Account (HSA), you can find a list of eligible dependents here. Unlock your team’s potential with benefits that bring your values to life. Articles Submitting spending account claims to League 3920 Views •. Tap on the claim you want to edit. Curated. Using League Spending Accounts Submit Claims Reward Points And League Credit Make Purchases Rewards. The Canada Revenue Agency (CRA) regulates what expenses are covered. A lifestyle spending account (LSA) is a flexible account with employer-covered costs for health and wellness expenses and other costs that group health plans don't cover. You can receive payment for your Lifestyle Spending Account (LSA) claims through Direct Deposit. From electrical and plumbing equipment to carpentry and insulation contractors, LSA has you covered. As per Canada Revenue Agency (CRA) regulations, funds in your HSA can only cover the amount paid for an eligible medical expense. Leverage analytics and run regular. 3 of the 2022 spending account deposit for the rolled over amount ( [$200 / 12] x 2), and give you a $50 spending account credit on your invoice. You can use the money in this. For Dependent FSAs, the IRS limits the amount to. For League to adjudicate claims for your dependents, make sure that you've added them to your League account and we can process these claims accordingly. Click on the claim you want to cancel. You may use this money for approved medical and dependent care expenses. League Support Website. Your dependents can use the money too! This Lifestyle & Health Spending Account (Canada) Service Schedule was last updated on November 23, 2017. Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA) or Health Spending Account (HSA). Read on. Keep in mind not all vendors offer refunds. Lifestyle spending accounts have been around for years, but have gained traction in recent weeks as a result of COVID-19’s impact on business. Frydey. You can: Buy products and services to power your healthy lifestyle using League Credit, spending accounts, or your credit card. HealthEquity has won the 2022 Sales Choice award, selected by the ADP sales team based on the solutions that resonate most with ADP clients and prospects. LSAs also can help consolidate and add flexibility to existing benefits. A growing recruitment and retention tool. Getting Started Accessing Desjardins online. A dependent must meet the following criteria: A resident of Canada (this residence requirement does not apply if the person is the child or grandchild of the individual or of the individual’s spouse or common-law partner) Note: If you want to add a common-law partner as a dependent to your League Health Spending Account (HSA), you need to. Using Spending Accounts Opens in new window. On Web: 1. Lifestyle Spending Account (LSA) 3. Tap "Wallet" in the bottom right-hand corner. The Lifestyle Spending Account (LSA) covers many services and products that allow you to live a healthier life. Double check the information is right, then click “Confirm”. Continue reading to learn all about how an HSA works. Enter your: Full name. You can find the vendor’s return policy on each product's page. It will take approximately 5 minutes to set up your online profile and enrol. All plans work together seamlessly to make employees’ days a little nicer. 3. Unlike other. Coverage for Lifestyle Spending Accounts (LSA) varies based on the policy your employer has chosen. For Health FSAs, employees can contribute $2,750. Affordable. e. Box 6044 Columbia, MO 65205-6044 09_2022 Lifestyle Spending Account State of New Hampshire Fitness Facility and Equipment Reimbursement Plan What is a Lifestyle. You can use the money in this account to buy a variety of lifestyle and wellness products and services. A lifestyle spending account is a taxable, employer-funded benefit designed to support employee health and wellness. Toronto ON M5V 3M2 Canada. Finding your e-Transfer passcode. S. , elliptical, bike, treadmill, rower) App Membership (i. Medicare and Medigap Solutions. Money you spend from this account isn’t taxed (except in Quebec)Lifestyle Spending Account Your Manulife group benefits plan includes a Lifestyle Spending Account (LSA). League Support Website. Service or item purchased. - Physical and occupational. View your spending account balance. We do this to keep your account safe. You’ll also get 24/7 access to. A flexible benefit plan that provides funds to pay for a wide range of medical and dental expenses. Tap “Yes, delete my account”. Expenses are generally only considered eligible for reimbursement under the Dependent Care Flexible Spending Account when the expense enables the employee and spouse (if applicable) to be gainfully employed or seek employment. members. Take the amount of money you requested from your Lifestyle Spending Account (LSA) Send your payment for processing. For example, if an employee receives $1,200 in LSA funds in a year and spends $750, they’ll have to pay income taxes only on that $750. You can search, scroll and select a category for further details on eligible expenses and restrictions. Submitting spending account claims While you can’t directly pay for things with your spending account, you can submit a claim and we’ll reimburse you the money you spent. 7. A cap set at, say, 20 per cent over the average Premier League wage bill would give a figure of £193 million, which would only affect five clubs. Whether you’ve never heard of a spending account or have used one for years, we know questions can come up. If you haven't registered for GroupNet yet, see Create a Canada Life GroupNet account . The most common spending account offered by League is the Lifestyle Spending Account (LSA), but there are other types and your employer decides which ones to offer you. CHRIS HUNTER President, Military &. You’ll only get taxed on the funds you actually use. You can then submit a claim to League and specify the amount of money you want to use. On Web: 1. League has made it quick and easy to get there! First, locate one of your Sun Life cards in your League Wallet. 3035 F: 877. 1 However, if your LSA doesn't offer a debit card or yours isn't available at the. On Mobile: 1. C. 9% and typical LSA allowances range from $500 to $2,000. Find quick answers to your questions about using League and understanding your benefits. e. members. The average federal income tax rate in the U. League Credit. Filing a claim online: Log in to Workday, click on Menu at the top left, click Benefits, click My FSA/HRA/LSA (HealthEquity) under External. Click on the benefit you want to view coverage for. This could include spending accounts (like a Lifestyle Spending Account), health benefits (like Medical, Drug, and Dental benefits), and other. The annual reimbursement limit. When you edit a claim you can edit or add additional documents, notes like provider name and service date, and the total dollar amount you're requesting. At League, we value belonging and believe in fostering an environment where a diversity of perspectives can thrive. Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA) or Health Spending Account (HSA). Tap “Add Account”. LSAs promote healthy and happy workplaces by providing robust, tailored benefits to support the financial, social, emotional and physical needs of a diverse workforce. Click on the benefit you want to view coverage for. Higher-end lifestyle spending accounts will cover larger expenses such as surrogacy and adoption. Through League’s as prescription drugs). Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA). There are a variety of reasons for why your Lifestyle Spending Account (LSA) claim could have been partially paid. Ideally, this bank account shouldn’t. . 4. View instructions for: Mobile Web On Mobile: 1. Continue reading to learn all about how a LSA works. Travel. If you've. Here you'll see the option to "Submit a Claim to Sun Life". Eastern Time. The Pros of LSAs. 3. 5. Click "Add Image" to add documents, or click the "X" to remove a document. S. Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA). This could include spending accounts (like a Lifestyle Spending Account or Health Spending Account), health benefits (like Medical, Drug, and Dental benefits), and other wellness services like an Employee Assistance Program (EAP), financial programs (like a TFSA or RRSP), and virtual services. 2. League of Legends players spend, on average, around 100 USD a year on in-game purchases. LSAs are known for their flexibility. Report Qualifying Life Events (QLEs) Enroll in benefits for new hires Find information about your benefits options in the enrollment experience Finalize your benefits elections for new hires View a summary of your benefits elections and premiums. Lifestyle spending accounts and employee wellness programs are trending, and it’s no surprise that’s happening at the same time! Though LSAs don’t have to be health-specific, they can be a part of an effective employee wellness program, which have shown returns on investment as high as 6-to-1. Tap “Delete account. 8. You'll be presented with a list of eligible services. ) These are all focused on treatment and illness. What is a Lifestyle Spending Account (LSA)? Submitting spending account claims to League; View All (20+) Spending Account Reimbursements Opens in new window. As employers have control over their lifestyle spending accounts, the budgets involved and what they choose to cover will vary hugely. Spending Accounts. We do this to keep your account safe. Also, it means that Riot Games have a revenue of around 1. If you experience a QLE, let League or your insurance carrier know within 31 days of the event. g. What is a Lifestyle Spending Account (LSA)? Submitting spending account claims to League; View All (20+) Spending Account Reimbursements Opens in new window. O. employer employers. Member Docs / Manage benefits Tax implications of the Lifestyle Spending Account (LSA) The Lifestyle Spending Account (LSA) covers many services and products that allow. These clubs might legitimately claim that they. You can also choose a combination of Payment Methods. Only HealthEquity delivers the integrated solutions (HSA, FSA, HRA, Commuter, COBRA, and Lifestyle benefits) you need to simplify benefits and truly impact people’s lives. On the other hand, a Lifestyle Spending Account enhances wellness and prevents illness. 2. Date of purchase. Benefit 6. Reimbursements from this account are considered a taxable benefit, meaning you will pay taxes on the money you receive from this account. “Excited to collaborate with League to enable a personalized and connected digital front door for our Employer Group and Specialty members. Tap "Wallet" in the bottom right-hand corner. 3. I submit a claim, I get full money up to the account limit deposited. in 2020 (most recent available data) was 13. Lifestyle Spending Account (LSA) 3. The company rents space at a cost of $175 per month on a one-year lease. You can use the money in this account to buy a variety of lifestyle and. Browse exclusive lifestyle content in our blog The Well. Click "Edit Claim" if you want to add or change the details provided. 1. Our vendors and products are best-in-class—handpicked for quality, uniqueness and health impact. League Support Website. LSAs can be created for adoption, fertility treatments, and surrogacy. Continue reading to learn all about how an HSA works. For full information, please refer to your full coverage booklet for your group benefits with your insurance carrier (such as RBC, Canada Life, Manulife Insurance, etc. Not subject to government regulation. Lifestyle Spending Account (LSA) With an LSA, your employer can provide taxable reimbursements, including legal abortions and medical travel. The CRA doesn’t oversee Lifestyle Spending Accounts (LSA), which can be spent on a wider variety of products and services and are taxable benefits. This includes skins, special bundles, and event-locked content. Click "Wallet". If you’re new to participating in an LSA, you may have questions about LSA definitions and rules. For full information, please refer to your full coverage booklet for your group benefits with your insurance carrier (such as RBC, Canada Life, Manulife Insurance, etc. The Athletic analyses clubs' 2019-20 accounts, when income fell by £600m owing to COVID-19 but £900m was still spent in the summer windowExample Of A Lifestyle Spending Account Setup. A dependent must meet the following criteria: A resident of Canada (this residence requirement does not apply if the person is the child or grandchild of the individual or of the individual’s spouse or common-law partner) Note: If you want to add a common-law partner as a dependent to your League Health Spending Account (HSA), you need to. Find quick answers to your questions about using League and understanding your benefits. You'll either be taxed by your employer on your paycheque, or you'll receive a T4A Form for Canada Revenue Agency (CRA. League Support Website for U. 4. In fact, there’s been a 305% increase in participant direct enrollments from 2021 to 2022. Forma is designed for a delightful experience. For an employee’s League Lifestyle Spending Account (LSA) or Health Spending Account (HSA), you can find a list of eligible dependents here. Click "Edit Details". Continue reading to learn all about how a LSA works. Direct Deposit is a payment method that allows League to send your reimbursement directly to a bank account of your choosing. S. An employer can choose the activities, products and services the company wants to cover. 225 King Street West, Suite 800. Click “Add Deposit Account”. You can fund participant accounts to predefined amounts per employee, and set limits for specific types of services. And you’re done!Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA) or Health Spending Account (HSA). You can cancel a pending claim as long as the claim is not in a "Paid" status. 879. Whether you’ve never heard of a spending account. Dog WalkingThe CRA doesn’t oversee Lifestyle Spending Accounts (LSA), which can be spent on a wider variety of products and services and are taxable benefits. Among our direct clients, we saw a 77% increase in clients offering an LSA in early 2022 year-over-year. Increasingly, employers are offering a lifestyle spending account (LSA) as a way to support their employees’ wellness needs. By adding the account to your benefits, you’re offering an invaluable wellness and lifestyle. Direct Deposit. Lifestyle Spending Account: eligible expenses. e. Submitting spending account claims While you can’t directly pay for things with your spending account, you can submit a claim and we’ll reimburse you the money you spent. On Mobile: 1. You’ll now see a card at the top of your screen. Finalize your benefits elections for new hires. When you set up INTERAC e-Transfer, you’ll receive an email to deposit any money we reimburse you, and we’ll include a passcode in your League account (you’ll need this to deposit the money). We can reimburse you through direct deposit. 2. Direct Deposit is a payment method that allows League to send your reimbursement directly to a bank account of your choosing. What is a Lifestyle Spending Account (LSA)? Submitting spending account claims to League; View All (20+) Spending Account Reimbursements Opens in new window. Here are some examples of benefits offered when you add Lifestyle Spending Accounts: Physical fitness benefits include stipends or discounts for gym memberships, home workout equipment, and other fitness-related items. A Lifestyle Spending Account (LSA) is a flexible account that helps you live your healthiest life. What you need to know. Finding your e-Transfer passcode; Setting up your banking information in your League account; View All (10)If your employer lets you choose how you allocate your flexible dollars, follow these steps to learn how to allocate money to a spending account in the enrollment experience. Click "Wallet". A Lifestyle Spending Account that can be used to reimburse you for products and services in support of your well-being such as fitness equipment and. 2. ASIFlex Customer Service ASIFlex. Credit card If you have a spending account and want to use a specific amount from the account, pay with your credit card. The Nestlé Lifestyle Spending Account (LSA) is here to help you thrive. Click the search bar. A more comprehensive plan for those who may have frequent medical appointments or a pre-existing condition. Tap “Wallet”. What you need to know. Lifestyle Spending Accounts. Who should read this article? Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA) or Health Spending Account (HSA). Founded in 2014, League is a technology-focused health company powering the digital transformation of healthcare. Find quick answers to your questions about using League and understanding your benefits. Reduced employee inquiries by. Exclusive. The average federal income tax rate in the U. in charge of their health. The League platform guides members through the step-by-step process of adding dependents. 3. Continue reading to learn all about how a LSA works. Lifestyle Spending Accounts (LSA) are a means for employers to help their employees pay for health and wellness expenses, and sometimes other costs that aren’t typically covered under a group health plan. Find quick answers to your questions about using League and understanding your benefits. Lifestyle spending accounts: Your top questions answered. In today’s rapidly diversifying benefits market, TPAs need the. Sign in to the League app or website. Contact Manulife to determine if an item not on this list is eligible. Note: This is only for League Lifestyle Spending Account (LSA) claims payments. 2. Your dependents can use the money too!Do my League Health Spending Account (HSA) funds rollover into my next policy period? 3760 Views • 31-Mar-2021 • Knowledge Tax implications of Lifestyle Spending Accounts (LSAs)The difference between League Credit and a Lifestyle Spending Account (LSA) A LSA is a flexible account provided by your employer that you can spend on a variety of items and services, while League Credit is provided by League and you can only spend it in Lifemarket. LSAs may cover expenditures like fitness. To support health and well-being, Ohio State offers eligible employees the option of using a Lifestyle Spending Account (LSA) to reimburse personal expenses related to health, fitness, family, emotional and social wellness. She schedules a session with a personal trainer at her gym, which costs $60. Enter the amount you're claiming and any additional information that's relevant to your claim, like a date of purchase or the name. Power your healthy lifestyle your way. You can find more details here. The Canada Revenue Agency (CRA) regulates what expenses are covered. 2. Digital Wallet: Easily check out your coverage, health spending accounts and submit claims with just a tap, right from your phone. Click "Wallet". If you've submitted a claim and didn't have banking information added, not to worry!account statement. Your spending account balance works if you have “past” or “pending” spending accounts. com. Find your process. Lifestyle Spending Account (LSA) 3. Money spent from this account is a taxable benefit. Find quick answers to your questions about using League and understanding your benefits. In our healthcare system, the emphasis is on treating illness rather than. I submit a claim, I get full money up to the account limit deposited. The League platform guides members through the step-by-step process of adding dependents. All we need from you is a digital or handwritten receipt (issued by the seller) that includes:A lifestyle spending account is an account employees can use to spend on lifestyle benefits. League Support Website for U. “Out of Marketplace Expenditure” has the meaning set out in Section 7. , if you have a $500 massage therapy maximum for the year but continue to receive massage treatments after the $500 is spent, the costs that go over the maximum may qualify for coverage. Easy to manage. We can’t wait to meet you!. e. Set up direct deposit. Tip: Learn more about splitting payments on Lifemarket. Direct Deposit is a payment method that allows League to send your reimbursement directly to a bank account of your choosing. There are a variety of reasons for why your League Lifestyle Spending Account (LSA) or Health Spending Account (HSA) claim could have been partially paid. A lifestyle spending account is a taxable, employer-funded benefit designed to support employee health and wellness LSAs can help employees make. Real-time Chat: Get one-on-one, personalized advice for any health question, big. The difference between League Credit and a Lifestyle Spending Account (LSA) A LSA is a flexible account provided by your employer that you can spend on a variety of items and services, while League Credit is provided by League and you can only spend it in Lifemarket. Coverage for Lifestyle Spending. Box 14053, Lexington, KY, 40512 with copies of appropriate receipts. Add dependents after QLEsAll League Lifestyle Spending Account (LSA) or Health Spending Account (HSA) claims must first be submitted to an insurance plan (both your primary and secondary payors, if applicable). Credit card. Lifestyle account expense examples. You can view your policy by following the steps below. Amount you’re claiming. A quarterly contribution of $125 will be allocated on January 1, April 1, July 1 and October 1 to be used during that calendar. Find quick answers to your questions about using League and understanding your benefits. Note: This is only for League Lifestyle Spending Account (LSA) and Health Spending Account (HSA) claims payments. You'll either be taxed by your employer on your paycheque, or you'll receive a T4A Form for Canada Revenue Agency (CRA. The name of the seller. You can choose your Lifestyle Spending Account (LSA), League Credit, or credit card as Payment Methods when you checkout. 1. Take the amount of money you requested from your Lifestyle Spending Account (LSA) Send your payment for processing. The easiest way to pay is to use your Bank of America Health and Benefit Account Visa debit card. Click the “Contact Seller” or the vendor's name. Your dependents can use the money too! The CX factor: Driving health plan growth & retention. Curious about who actually qualifies as a dependent under the League Lifestyle Spending Account (LSA) or Health Spending Account (HSA)? A dependent must meet the following criteria: Your spouse or common-law partner Spending Accounts: The best kept secret in employee benefits - Download as a PDF or view online for free Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA) or Health Spending Account (HSA). )An LSA is a fully customizable employee benefit. View, download, and use your digital benefits cards. They also have a limited but high-quality list of discount partnerships. Tap "Wallet" in. For an employee’s League Lifestyle Spending Account (LSA) or Health Spending Account (HSA), you can find a list of eligible dependents here. Click "Edit Claim" if you want to add or change the details provided. 1. Adding dependents during enrollment The League platform guides members through the step-by-step process of adding dependents. Use a lifestyle spending account for construction services, contracted services, and appliance repairs. Wellness and education. Workplace Health Services. The Lifestyle Spending Account (LSA) covers many services and products that allow you to live a healthier life. The most common spending account offered by League is the Lifestyle Spending Account (LSA), but there are other types and your employer decides which ones to offer you. Eligible expenses are not limited to this list. 7. 2. These are separate pools of money and aren't interchangeable. Can I carry over $500 in Flexible Spending Account to the. Click "Edit Details". This data can help you understand what employees are buying and how much they’re spending in Lifemarket. League Support Website. An LSA is an employer-funded benefit that provides employees funds for specific categories of goods that are generally out of the scope of what’s covered under a group health plan. Anyone with a spending account administered by League like a Lifestyle Spending Account (LSA) or Health Spending Account (HSA). You're able to make claims on your dependent's behalf against both the Lifestyle Spending Account (LSA) or Health Spending Account (HSA). Reasons to offer lifestyle benefits include:Empowering Humana customers on their health journeys. Report Qualifying Life Events (QLEs) Enroll in benefits for new hires. We put together answers to some common questions about submitting spending account claims to help guide you. Adding dependents during enrollment The League platform guides members through the step-by-step process of adding dependents. Need a little help submitting your claim to League? Don't worry, we've got your back! Submitting a claim to your League Lifestyle Spending Account (LSA) or Health Spending Account (HSA) is easy. Click “Add Account”. You can use the money in this account to buy a variety of lifestyle and wellness products and services. If you wish to request a refund please contact the vendor. 7. 2. Typical contributions to LSAs generally range from $500 to $2,000. Lifestyle Spending Account. The repair shop equipment was purchased on November 1 and has an estimated useful life of 4 years. There are a variety of reasons for why your League Lifestyle Spending Account (LSA) or Health Spending Account (HSA) claim could have been partially paid. You won’t find variation from employer to employer. You can also view a list of the information you need to. For an employee’s League Lifestyle Spending Account (LSA) or Health Spending Account (HSA), you can find a list of eligible dependents here. A Lifestyle Spending account (LSA) allows eligible Ohio State employees to personalize your benefits by getting reimbursed for eligible expenses that support overall health and wellness. *. On mobile: 1. Continue reading to learn all about how a LSA works. Creating a Sun Life Group Benefits account. Many employers already offer. A survey of 200 benefit decision-makers shows that lifestyle benefits are increasingly popular among employers — 37% plan to update or add lifestyle spending accounts and 46% said value to employees was the most important factor. That means you get to spend the money on whatever helps you feel well and whole, and Nestlé will pay you back. Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John. We have two product types: Purchase on League: These products allow members to purchase on the League website and pay seamlessly with their health or lifestyle spending accounts. The Canada Revenue Agency (CRA) regulates what expenses are covered. S. Benefits of using Lifemarket. We are the last payor. Examples of Eligible Expenses Lifestyle Spending Accounts Promote healthy habits and overall well-being by creating your fully customizable. Note: This is only for League. Contribution below $250 might not add value when considering the time and expense to administer the accounts. So, yes, your kid’s minor league baseball bat is covered. Once approved, you should receive payment within 2-3 days. Once approved, you should receive payment within 2-3 days. Here’s how it works at my workplace. You pay for the expense. Customize employee coverage Will you provide an LSA to all benefits-eligible employees, or will it only be available to a specificLifestyle spending accounts allow you to offer post-tax dollars to your employees. You can use the money in this account to buy a variety of lifestyle and. League Support Website for U. View, download, and use your digital benefits cards. If your employer allows you to reimburse $1,000 in expenses, and you pay 13. You can also view a list of the information you need to. Coverage for Lifestyle Spending Accounts (LSA) and Health Spending Accounts (HSA) varies based on the policy your employer has chosen. If funds were transferred from an HSA to an LSA (which can be spent on things other than eligible medical expenses), the HSA would no longer meet the requirements of a private health services plan. 2. Benefit 1. For example, they might decide to give every employee. 9% tax on that amount, you will owe $139. Strategic Accounts.