Using a Limited Purpose Flexible Spending Account, along with a Health Savings Account (HSA), is an innovative way to increase your tax benefits and keep more of your money.
 

You can use your LPFSA pretax dollars to pay for qualified vision and dental expenses, while utilizing your HSA for medical expenses - all with the convenience of one debit card.

With a Limited Purpose FSA, you elect an annual contribution amount that is deducted from your paycheck each pay period, in equal installments throughout the year. Your annual contribution amount is available to you on day one on the
plan; you do not need to wait to accrue the funds.

The maximum amount you may elect is set by your employer and cannot exceed the IRS limit for the year. The amount of your paycheck that goes into an FSA will not count as taxable income, so you will have immediate tax savings.

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Limited Purpose FSA Expenses

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A Limited Purpose FSA works with an HSA-eligible health plan and an HSA. A Limited Purpose FSA is a great way to pay for expenses with pretax dollars. Some examples include:

• Out-of-pocket expenses like co-pays, coinsurance, or deductibles for dental and vision plans.
• Purchasing glasses, contact lenses, or laser eye surgery.
• Orthodontia care such as braces, or dental expenses not covered by your insurance.
• Preventive care not covered by your health plan (you will need to submit a manual claim for those expenses).

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