Forma

Claim of the week One of our Forma members wanted to ensure their family's safety, especially with a new baby in the house. They used their Lifestyle Spending Account (LSA) to take an infant CPR class. They learned essential skills like how to perform CPR and choking relief, which can be critical in emergencies. LSAs can support your lifestyle. In this case, a Forma member gained access to important safety and health classes. Whether it's learning lifesaving skills, trying new fitness programs, or exploring mindfulness practices, LSAs are designed to meet you where you are and help you achieve better overall health. 🔁 Share this wellness claim with your network! 😃 Used your LSA on a unique benefit recently? Comment below! #FlexibleBenefits #Forma #EmployeeBenefits #LifestyleSpendingAccount #ClaimoftheWeek

👀 Are LSAs really as flexible as you think? 👀 To investigate, we dug into how employees use their LSA dollars by amount spent and transaction count. 💵 🛒 The punchline is yes – employees do use LSAs for a range of reasons. Here’s what we discovered in our data: 🔹 Fitness activities and equipment are towards the top of the list, thanks to All-inclusive LSAs and Fitness & Wellness Spending Accounts that are designed to support well-being. 🔹 Economic challenges have led more and more companies to cover food-related expenses that make a difference to workers. 🔹 Connectivity expenses like internet and mobile fees are popular, with tax benefits to employers encouraging coverage. 🔹 Caregiving expenses rank tenth in transaction count but fifth in dollars spent. This highlights their high cost and the critical support they provide to working caregivers. Want to learn more insights about LSAs? Check out our latest benchmarking report for more data-driven learnings (link in comments below).

Employees get more with LSAs. Rather than investing in another well-being initiative that employees may not use, LSA allowances provide a variety of options that can fit each person's unique lifestyles. Employees want help. Nearly half of the respondents in our poll said they wanted their employer's help covering fitness & wellness expenses. For one person, this might be a traditional gym memberships. But for others it could be paying for a weight management app, going to a meditation class, or buying a surfboard. A quarter of respondents said they want caregiving support. We just rolled out tips and compliance standards for covering various spending accounts. Here's an example: Understand what a Fitness and Wellness Spending Account is, how it works, what to include categorically, and the top items to cover - plus compliance protips! Check out the guide: https://lnkd.in/eWp2U4SY

Instacart needed to streamline their benefits administration to free up valuable time for accounts payable (AP) and human resources (HR) teams. Their old benefits program, featuring cell phone reimbursements and work-from-home stipends, required an overwhelming amount of time to review receipts and process claims. So how did exactly did they save these teams 80% in administrative time? 😮 Check out our newest case study to see how Instacart's new Lifestyle Spending Account (LSA), powered by Forma, transformed their benefits management by centralizing administration and automating processes. 👉 Read the full case study here: https://hubs.la/Q02Gqk9g0 #FlexibleBenefits #Forma #EmployeeBenefits #LifestyleSpendingAccount #Instacart

Emily’s best friend, Sarah, was getting married. 🌸 Emily’s mission? To find the perfect bridesmaid dress that complemented Sarah’s dream wedding. To give employees like Emily the most flexibility with their benefits, Emily's employer covers items in their Lifestyle Spending Account (LSA) that help employees be themselves and live life a little more easily. With funds available, Emily knew she could invest in something special for this important occasion. Thanks to her LSA, Emily was able to buy the perfect bridesmaid dress for Sarah's wedding without breaking the bank. 🤔 What unique purchase have you made with your LSA recently? Share in the comments below! 🔄 Share this unique claim with your network! #FlexibleBenefits #Forma #EmployeeBenefits #LifestyleSpendingAccount #ClaimoftheWeek

Thank you to CoreLogic for the new Apple Watch😍!! Here at CoreLogic we have an amazing well-being benefit where we’re allocated a certain amount of funds through a Forma account each year to cover things like gym/massage memberships, gym equipment, smartwatches, child care, and so much more! I took full advantage using part of my allocated funds to buy a new Apple Watch to track my overall health while on the go! When I think of the total comp package this is what I think of… Come be apart of a organization where they care not just about the work you do but your personal well-being as well! Check out our open roles today! #benefits #ProudToTheCore #formabenefits #totalcompensationpackage

At Forma, we're tackling a monumental challenge: helping employers achieve equitable global employee benefits. Despite many languages, currencies, time zones, compliance requirements, systems, and more, we're committed to leveling the playing field for benefits worldwide. Our latest launch is localized support for multiple languages, including right-to-left scripts like Arabic. We've partnered with localization experts to ensure our platform speaks to the nuanced language of employee benefits in each region. Forma members can now toggle to their preferred language, understanding and accessing their benefits with ease. No more browser-wide translations or context lost. I’m proud of our team's relentless innovation that breaks down global barriers in HR tech. This is just the beginning! Stay tuned for more product updates as we continue to innovate on flexible benefits. #employeebenefits #hr #employeeexperience #forma

Wow! We are beyond thrilled to share that Forma has been recognized in G2's Summer 2024 reports with 17 badges! With over 575 reviews from HR admins and members, it’s clear that Lifestyle Spending Accounts (LSAs) are making waves in employee wellness. Here are a few standout achievements we are particularly proud of this year: #1 in Lifestyle Spending Accounts #1 in Benefits Support #1 in Benefits Administration: Enterprise Grid® Report A massive THANK YOU to all the HR professionals and members who have put their trust in Forma. And a thank you to the people behind the scenes at Forma making world-class products and solutions. We’re committed to revolutionizing and streamlining your HR benefits with flexible, sustainable solutions for the long haul. #FlexibleBenefits #Forma #EmployeeBenefits #G2

🍊Claim of the Week🍊 One of our Forma members had been struggling with unexplained fatigue for months. Determined to find answers, they turned to their Lifestyle Spending Account (LSA) for support. Using their LSA, they explored different options and decided to take a food sensitivity test. This decision was a game-changer. The test revealed specific foods causing discomfort. With this new insight, they made simple dietary changes that led to improved energy levels. This story highlights how LSAs can support your unique wellness journey. Whether it’s discovering food sensitivities, trying new fitness programs, or exploring mindfulness practices, LSAs are designed to meet you where you are and help you achieve better overall health. Have you discovered a new way to use your LSA? Share your story below! #FlexibleBenefits #Forma #EmployeeBenefits #LifestyleSpendingAccount