Product

About the Forma

Forma is a cloud-based flexible benefits platform that enables modern companies to design and scale customizable, global benefits programs. It empowers employees to choose benefits that fit their individual needs, ranging from health and well-being to lifestyle and financial support. The platform manages various benefit types, including Lifestyle Spending Accounts (LSAs), Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and commuter benefits. Employees can spend funds through a curated marketplace (Forma Store), a Forma Visa Card, or by submitting claims for reimbursement, with rapid 48-hour claim processing. Forma streamlines program administration, vendor integration, compliance, and provides powerful analytics for HR and Finance teams. It aims to reduce costs and inefficiencies while enhancing employee satisfaction and retention.