Lifestyle Spending Account

Lifestyle Spending Account

The ability to deliver financial assistance and perks that more closely align with what employees want and need.

What is a Difference Card Lifestyle Spending Account?

Not every employee has the same lifestyle needs. The Difference Card Lifestyle Spending Account gives employers the flexibility to allow employees to spend benefit dollars on the things that matter most to them.

From physical and mental health needs, to professional and educational development, to medical travel and entertainment, employers have complete freedom to determine how their employees are able to spend their lifestyle spending account dollars.

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Complete Customization with a Difference Card Lifestyle Spending Account

One way to use a Lifestyle Spending Account is to create a Medical Expense Travel Plan that would allow employers to fund travel expenses for a variety of medical needs.

Sample Client Medical Expense Travel Plan:

• $4,000 per year limit on eligible expenses for employee and dependents
• Reimbursement structured for travel and lodging expense related to healthcare treatments conducted more than 100 miles from the employee’s home
• Eligible expenses include fuel, parking, tolls, lodging, meals, telephone charges, plane, train, and ride sharing services
• Travel related to health care treatments including cancer, organ transplants at centers of excellence, reproductive healthcare, abortion, and mental health hospital admissions.

This is simply an example of how an employer could design a Medical Travel Expense Plan. The perks of a Lifestyle Spending Account is that the employer can design it any manner that suits their employees and company culture.