Limited Purpose Flexible Spending Account
The Limited Purpose Flexible Spending Account (LPFSA) works with your HSA to provide additional tax savings for eligible dental and vision expenses.
Smart-Choice Accounts is the administrator.
You may participate in the LPFSA to save money on eligible dental and vision expenses and preserve your HSA balance for medical expenses. LPFSA contributions are deducted before-tax from your paycheck, which reduces your taxable income and increases your take-home pay.
Here’s a high-level overview of the LPFSA. For details, review the Flexible Spending Account SPD.
Features | |
---|---|
Contributions to your Account |
|
Eligible Expenses | Use the LPFSA to pay for or reimburse yourself on a before-tax basis for eligible expenses such as:
If your domestic partner and domestic partner’s children qualify as your tax dependents, you can claim their expenses under your LPFSA. |
Reimbursement |
|
Debit Card |
|
Carry Over of Funds | You may carry over up to $640 from one year to the next. Amounts over the limit are forfeited. |