What is a Limited Purpose Flexible Spending Account?
LPFSAs are tax-advantaged accounts that let you use pre-tax dollars to pay for eligible dental and vision expenses. Members save on average 30 percent1 on hundreds of products and services. Don't think of it as money deducted from your paycheck—think of it as money added to your wallet.
Benefits built for mobile.
Faster access, stronger security, and more convenient than logging in online. LPFSAs use either HealthEquity Mobile or EZ Receipts Mobile—depending on your plan.
HealthEquity Mobile app
Tap into health savings.
Already enrolled? Set up your new account directly in the app—no need to register online.
EZ Receipts Mobile app
Bring your benefits with you.
Already enrolled? Please set up your account online before using the app.
Am I eligible for a Limited Purpose Flexible Spending Account?
Eligibility requires an LPFSA offered through your employer. LPFSAs can be combined with an HSA to maximize long-term savings.
Pairing LPFSA with HSAHow do I sign up?
You can enroll in a health plan and sign up for an LPFSA during your organization’s annual enrollment period.
Choosing between different FSA typesPlan your spending
It pays to be strategic.
Pay for dental, vision and more
Because of the tax savings on contributions, you can save an average of 30 percent1 on qualified medical expenses, including but not limited to:
- Cataract Surgery7
- Contact Solution
- Eye Drops
- Eye Exams
- Fluoride Treatment
- Lasik Surgery
- OTC Dental and Teething Pain Products
- Retainer
- Vision Correction
Your savings can add up fast
Here’s an example based on $1,900 annual spending and a 30 percent effective tax rate.
Eye exams
$250
+
Prescription
eyeglasses
$150
+
Dental implant
$1500
Annual tax savings1
$570
LPFSA Savings Calculator
Discover the full power of your LPFSA. Just input your planned spending and watch the savings add up.
Calculate my LPFSA tax savingsMake your elections
Once you choose an annual contribution, your employer will deduct that amount pre-tax in equal parts from each paycheck.
LPFSA Annual Contribution Limit
Tax year | Individual and family limit |
|---|---|
2025 | $3,300 |
2026 | $3,400 |
Complement your HSA
Because your HSA stays with you forever, it’s nice if you can avoid spending your HSA dollars. That’s where an LPFSA offers incredible flexibility. Use your LPFSA to pay for routine vision and dental expenses, then save your HSA for long-term healthcare expenses.
Pairing LPFSA with HSAKnow the rules
Don’t get caught by surprise. Carefully review your open enrollment materials.
Timing matters
You only have one year to spend your LPFSA money. Unused funds are forfeited to your employer—usually at the end of the plan year. Some organizations, however, offer options that can make it easier to manage your LPFSA.4
LPFSA carryover5
Carryover up to $640 of unused funds into the next plan year.
LPFSA Grace Period
Enjoy an extra 2 ½ months at the end of the plan year to spend LPFSA money.
Limited election period
Elections can only be made during open enrollment unless you have a qualifying life event,6 which may include changes to:
Employment
status (Including
medical leave)
Marital status
Number of
dependents
No double-dipping
You can’t get reimbursed twice for the same expense (example: reimbursement + deduction from tax returns).
We make it easy to get reimbursed:
Pay for your products or services
Upload your receipts online or in the mobile app
Choose reimbursement by check or have funds deposited directly into your bank account
Want more?
Check out these additional resources.
LPFSA webinar
Level up your health savings. Discover helpful strategies for using an LPFSA—and how to save your HSA for a rainy day.
