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Flexible Spending Account (FSA) & LPFSA (Limited Purpose)

What is an FSA ?

With an FSA, you elect to have your annual contribution (up to the $2,700 limit set by the IRS) deducted from your paycheck each pay period, in equal installments throughout the year, until you reach the yearly maximum you have specified. The amount of your pay that goes into an FSA will not count as taxable income, so you will have immediate tax savings. FSA dollars can be used during the plan year to pay for qualified expenses and services. A Healthcare FSA allows reimbursement of qualifying out-of-pocket medical expenses. A Dependent Care FSA allows reimbursement of dependent care expenses, such as daycare, incurred by eligible dependents. With your Healthcare FSA, you’ll receive access to a secure, easy-to-use web portal where you can track your account balance, view your investment accounts and submit requests for reimbursements.


An FSA is a great way to pay for expenses with pre-tax dollars!

 • Enjoy significant tax savings with pre-tax contributions and tax-free distributions used for

        qualified plan expenses. 

• Request to have funds directly deposited to your bank account. 

• Enjoy secure on-line access to your account available 24/7/365.


What is an LPFSA (Limited Purpose Flexible Spending Account) ?


Here’s how a limited-purpose FSA works. Money is set aside from your paycheck before taxes are taken out, just like other standard healthcare plans. You can then use your pre-tax LPFSA dollars to pay for eligible vision or dental expenses throughout the plan year. All other medical expenses can be taken from your HSA account. This way, you save money on expenses you’re already paying for, like dental checkups, vision exams, eyeglasses, and much more. 


The amount of your pay that goes into an LPFSA will not count as taxable income, so you will have immediate tax savings.  

• A Healthcare LPFSA allows reimbursement of qualifying out-of-pocket medical expenses. 

• A Limited Purpose Medical FSA works with a qualified high deductible health plan (HDHP) and Health

        Savings Account (HSA). A limited FSA only allows reimbursement for preventive care, vision and dental

        expenses. Please check with your employer to see what plans are offered.


**Please check with your employer to see what plans are offered**