A Limited Purpose Flexible Spending Account (LPFSA) is available to members enrolled in the Health Savings Account (HSA). With an LPFSA, you can use pre-tax dollars to help pay for eligible dental and vision expenses for you, your spouse, or any person that you claim as a dependent on your income tax returns. The benefits of an LPFSA include:
- Your full LPFSA election is available to you as of the date you enroll (January 1 if you enrolled during the annual open enrollment period)
- Pre-tax deductions are calculated on a per pay period basis and taken throughout the year
- Paying for benefits on a pre-tax basis means your taxable income is lower, and consequently, your taxes are lower
- As you incur eligible expenses, you may submit a claim to draw funds from your LPFSA
Eligible Expenses
Dental and vision expenses such as bridges, crowns, dental copays, dental deductibles, dental work, eye glasses and contact lenses, Lasik, orthodontia and other dental, orthodontia and other dental expenses, orthodontic and vision services
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