Limited Purpose Flexible Spending Account



A Limited Purpose (or Limited Scope) Flexible Spending Account is a saving option for employees that are enrolled in a Health Savings Account (HSA).  The Limited Purpose Flexible Spending Account works the same way a standard Health Care Flexible Spending Account does: pre-tax, "use it or lose it" elections, and expenses must occur with in the plan year.  The difference is that it limits what expenses are eligible for reimbursement.  In a Limited Purpose Flexible Spending Account you can only submit claims for eligible vision and dental expenses. (Remember: Cosmetic procedures such as teeth bleaching are not eligible under any Flexible Spending Accounts.)

 


Follow the link to learn more about:

Health Care Flexible Spending Account

Dependent Care Flexible Spending Account

Pre-Tax Commuter Benefits Program

Health Reimbursement Arrangement

Limited purpose Flexible Spending Account