Understanding What an LSA is Used For: A Comprehensive Guide
                                
                                
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                                    4 min read                                
                            
                                According to Forma's 2025 benchmark report, employers are increasingly adopting flexible benefits, demonstrating the growing popularity of Lifestyle Spending Accounts, one of the two most common uses for an LSA. The term also refers to Latent Semantic Analysis, an important natural language processing technique with its own distinct applications.