What is a Limited Purpose Flexible Spending Account?

A Limited Purpose Flexible Spending Account (LPFSA) works together with a Health Savings Account (HSA) for you to further optimize your tax savings. By establishing an LPFSA, you can save money on taxes by using the account for eligible dental and vision expenses while preserving your HSA funds for other purposes, including simply saving those funds for the future.

Contribution Limits

• 2023: $3,050
• 2024: $3,200

Highlights

• Only certain dental and vision expense are eligible such as eye exams, contact lenses and eyeglasses.
• Funds can be accessed by submitting a claim or paying for expenses upfront with a benefits debit card.
• Purchases may need to be verified during the claims process, so be sure to save your receipts.
• Balances may be rolled over the following plan year if your employer allows it.