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 Puprose Flexible Spending
Account