Forma
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Forma Company Information
Forma provides a comprehensive platform for managing flexible employee benefits, including Lifestyle Spending Accounts (LSAs), Health Reimbursement Arrangements (HRAs), and pre-tax accounts like Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). The platform allows employees to choose benefits that are meaningful to them through a customizable interface. Forma includes the Forma Store, which offers personalized, premium-sourced employee benefits without out-of-pocket expenses, and the Forma Visa Card, which provides unmatched convenience and simplicity for employees to use their benefits. Claims administration is handled by Forma, allowing employers to set the rules while Forma manages the rest. Forma offers a free Benefits Value Assessment to help companies identify ways to save budget while improving benefits. The platform supports global and equitable benefits programs that adapt to every individual, with a high annual utilization rate of 85% and a 98% member Customer Satisfaction (CSAT) score over five years. Designed to be easy and intuitive, the platform requires little to no training for employees and provides three ways to pay: through the Forma Store, the Forma Visa Card, or claims reimbursement. It includes a dashboard and reporting tools to stay up to date on budget, usage, and claims approvals. Forma offers a variety of Lifestyle Spending Accounts, including fitness and wellness, caregiving, work from home, professional development, and more. The Forma Card can be used anywhere Visa is accepted, with many eligible payments automatically adjudicated without requiring receipts. The platform integrates with payroll systems and offers direct deposit for fast reimbursements. Forma is SOC 2 Type 2 and GDPR compliant, ensuring high standards of security and compliance. It provides a range of resources, including case studies, research, benchmark reports, and webinars to help companies optimize their benefits programs. The platform supports a variety of pre and post-tax spending accounts, including commuter benefits and COBRA benefits, and provides a dedicated support team available 24/7 to assist employees and review claims. Built with consumer-grade software, the platform is easy for employees to navigate and use.