Limited Purpose Flexible Spending Account

(with grace period)

Save up to $500 on taxes when you elect LPFSA1 

Save more for dental and vision expenses

An LPFSA lets you use tax-free money to pay for eligible dental and vision expenses.2 So you spend less on what you need. It also makes a great companion to a Health Savings Account (HSA). Use your LPFSA for dental and vision expenses and keep your HSA growing tax-free for other future healthcare needs.  

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Access annual contribution amount on day one.

Pay for your spouse and dependents too.

Plan ahead because LPFSA funds eventually expire. 

Don’t tax your money. Max your money. 

Get $20 tax savings for every $100 you contribute.1

LPFSA

No LPFSA

2024 IRS contribution limits3

$3,200

Spend tax-free.

There are thousands of eligible expenses. Here are just few:

Eyeglasses/contacts 

Eye drops 

Eye exams

Braces

Orthodontia

Lasik

Lasik surgery 

Chiropractic care

Dental and vision operations

Prescription sunglasses

Prescription sunglasses

View eligible expenses

LPFSA resources  

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Easily find answers to common questions about your benefits.   

Help Center
HSA guide

Plan your spending, know the rules and unlock amazing tax savings.

LPFSA Guide
Webinars

Not sure if an FSA is right for you?
Explore our on-demand FSA webinars.  

Webinars

1The example is for illustrative purposes only. Estimated savings are based on a maximum annual contribution and an assumed combined federal and state income tax bracket of 20%. Actual savings will depend on your contribution amount and taxable income and tax status. | 2LPFSAs are never taxed at a federal income tax level when used appropriately for qualified dental and vision 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. |3Contribution limit is accurate as of 11/09/2023. Each fall the IRS updates the LPFSA contribution limits. For the latest information, please visit: HealthEquity.com/Learn | HealthEquity does not provide legal, tax or financial advice. 

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