COBRA/Direct Bill Employer login
Please refer to your Client Welcome email for the URL of your specific COBRA/Direct Bill Employer login page.
LPFSA Guide
Save more on dental and vision expenses
An LPFSA empowers you to maximize tax savings for dental and vision expenses. Plan your spending, know the rules and unlock amazing tax savings.
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.
Expect Remarkable
How do I sign up?
You can enroll in a health plan and sign up for an LPFSA as a new employee and during your organization's annual enrollment period.
Plan 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 Surgery6
- Contact LensesRx
- Dental Services and Procedures
- EyeglassesRx
- Eye Surgery
- Invisalign Orthodontics
- Orthodontia
- Prescription Sunglasses
- Screening Tests
- Contact LensesRx
- 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.
Make 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 |
|---|---|
2023 |
$3,050 |
2024 |
$3,200 |
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.
Know the rules
Don’t get caught by surprise. Carefully review your open enrollment materials.
Limited election period
Elections can only be made during open enrollment unless you have a qualifying life event,4 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
LPFSA webinar
Level up your health savings. Discover helpful strategies for using an LPFSA—and how to save your HSA for a rainy day.
Explore other FSA types
1The example used is for illustrative purposes only; actual savings may vary. The figure is based on average tax rates, including state, federal and FICA taxes.Return to content
2Accounts must be activated via the HealthEquity website in order to use the mobile app.Return to content
3Plans vary by employer. Please review your plan documents carefully or consult your employer for information about your company's benefits.Return to content
4Please refer to your plan documents for more information.Return to content
HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.
© 2002-2024 HealthEquity, Inc. All rights reserved | Legal Notices | Privacy | Do Not Sell |
AccessibilityLanguage Assistance/Non-Discrimination Notice
Asistencia de Idiomas/Aviso de no Discriminación
語言協助 / 不歧視通知