LPFSA – Tips for the Bonus Benefits Account

When you have a Health Savings Account (HSA), you’re also eligible to sign up for a Limited Purpose Flexible Spending Account (LPFSA). Having both benefit accounts can save you even more on taxes and cover those necessary healthcare related expenses. A question for many people is “how do you maximize both accounts?” Here are some … Read more

Smile! Getting Dental Care with Your FSA (or HSA)

Dental care is costly. First, you have the cost of insurance (if you choose to enroll). Depending on your coverage, you may get a checkup, cleanings, and x-rays once or twice a year. But what happens when you, your spouse, or your child needs a filling, root canal, orthodontia, or an emergency extraction? Insurance probably … Read more

Seven Facts Employees Should Know About FSAs and HSAs During Enrollment Season

Benefits enrollment season is a time for making important decisions regarding healthcare expenses for you and your family. In addition to health insurance options, many companies sponsor tax-advantaged healthcare accounts, like Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs). FSAs and HSAs are popular because you can save money on taxes while setting aside … Read more

What is an LPFSA?

What is an LPFSA?

You’re familiar with healthcare Flexible Spending Accounts (FSAs), with which you can set aside money from your paycheck pre-tax (before payroll taxes are calculated) to use in paying eligible medical expenses. You may not be as familiar, though, with the Limited-Purpose FSA (LPFSA). What is an LPFSA? An LPFSA is an option made available by … Read more