Forma

🔭 Claim of the week 🔭 Wellness is out of this world! A Forma member recently discovered the wonders of the night sky with their refracting telescope. They used their Lifestyle Spending Account (LSA) to purchase the telescope and embark on a journey of celestial exploration. The member found that stargazing brought a sense of calm and curiosity, helping to reduce stress and improve mental well-being. The refracting telescope allowed them to see planets, stars, and even distant galaxies, making every night an adventure. Whether it’s discovering the universe, trying new hobbies, or exploring mindfulness practices, LSAs are here to meet your needs and help you achieve better overall well-being. 🔁 Share this wellness claim with your network! 😃 Used your LSA on a unique benefit recently? Comment below! #FlexibleBenefits #Forma #EmployeeBenefits #LifestyleSpendingAccount #ClaimoftheWeek

Forward-thinking companies have embraced a new fitness activity in their Lifestyle Spending Account (LSA). Check out our latest newsletter to learn what's trending in employee fitness and how employers can help boost employee well-being in fun and exciting ways. Meta #FlexibleBenefits #Forma #EmployeeBenefits #LifestyleSpendingAccount

 🚀 We're Hiring! Join Forma as Our First Principal Product Designer 🚀 Are you an experienced, talented designer looking for your next big challenge? Forma is seeking a Principal Product Designer to join our lean, dynamic team! About Forma: At Forma, our mission is to revolutionize the way businesses manage their benefits programs, unifying and consolidating various offerings into one seamless experience. We are committed to creating innovative solutions that empower companies and employees alike. As our first Principal Product Designer, you'll: - Lead and execute design projects, wearing multiple hats as needed. - Establish strong design practices and elevate our team's skills. - Be a thought partner for leadership, influencing product direction. - Quickly create and iterate on concepts, providing suggestions and ideas across product units. - Navigate effectively with stakeholders, customers, users and leaders. - Thrive in a small team where creativity and uniqueness truly matter. If you're passionate about design, thrive in a small team, and are excited about evangelizing design within the organization, we want to hear from you! Apply now: https://lnkd.in/gHgPBTnR #hiring #design #productdesign #principaldesigner #joinus #Forma #careers #benefits #innovation

Is your one-size-fits-all employee benefits program missing the mark? 🎯 Ready to offer personalized support that makes an impact? 🌟 Join us and learn: ✅ How Lifestyle Spending Accounts (LSAs) create more value for employees while helping companies save ✅ Answers to your questions about LSAs & Forma during our live Q&A sessions ✅ Exclusive, data-driven tips to design a leading LSA program 📅 Date: Thursday, August 1 - just 30 minutes of your time! 🕚 Time: 11 a.m. PT | 2 p.m. ET 🚀 Register today and take the first step towards revolutionizing your employee benefits! ♻️ Repost this to share with your network! Registration link: https://hubs.la/Q02HHrVQ0 #EmployeeBenefits #HR #LSA #CompanySavings #PersonalizedBenefits

🚨 New product update: Recurring HSA investments & HSA performance graph Industry reports indicate that only about 10% of HSA account holders have an investment account. Forma's investment enrollment rates have consistently exceeded this average, thanks to our user-friendly investment setup process. However, we wanted to do even more to improve the overall experience. Now it's even easier for members to invest and monitor their HSA dollars. Here are two recent updates I’m excited to share. 💸 Members can schedule automatic transfers from their cash account to their investment account. Set it and forget it! 📈 Our new HSA graph shows members how their investments have performed over time, right in Forma. Check out the enhancements in the images below. More upgrades are coming soon. #HSA #healthsavingsaccount #employeebenefits #productupdates

We often get asked by employers and consultants what’s typically included in a Lifestyle Spending Account (LSA). Good news – we got you covered with our A-Z pocket guide. 😉 63% of companies offer the All-inclusive LSA, one that provides holistic support. Flip through through our guide to explore what’s typically covered in an All-Inclusive LSA. #FlexibleBenefits #Forma #EmployeeBenefits #LifestyleSpendingAccount

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