An LPFSA lets you use tax-free money to pay for eligible dental and vision expenses.** Members can save hundreds for products and services they use everyday. Don’t think of it as money deducted from your paycheck—think of it as money added to your wallet.
Fast, hassle-free payments and reimbursement
Keep a portion of your LPFSA funds into the next plan year.^
Access annual contribution amount on day one
Maximize your tax savings
When you use your tax-advantaged LPFSA, you get $10 in tax savings for every $50 you contribute.^^
2023 IRS contribution limits
Pay for thousands of eligible dental and vision expenses
HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.
*Estimated tax savings are based on a $2,500 contribution and a 20% effective tax rate, including applicable state and federal income taxes. Actual tax savings will vary based on your specific tax situation.
**LPFSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize LPFSA funds as tax deductible with very few exceptions. Please consult a tax advisor regarding your state’s specific rules.
^See your plan documents for complete details.
^^Chart for illustration purposes only. Actual savings will vary based on your unique tax situation.