A limited-purpose health flexible spending account (referred to as a limited-purpose FSA) is like a general-purpose health FSA, however, under a limited-purpose FSA, eligible expenses are limited to only qualifying dental and vision expenses for you, your spouse, and your eligible dependents.
Limited Purpose FSAs reduce your taxable income and give you an opportunity to use your pre-tax dollars for dental and vision expenses.
Money is set aside from your paycheck before taxes are taken out. You can then use your pre-tax FSA dollars to pay for eligible vision or dental expenses throughout the plan year.
Typical eligible expenses include dental and orthodontia care such as cleanings, fillings, crowns and braces. Eligible vision care includes contact lenses, eyeglasses, eye exams and vision correction procedures.
By using a Limited Purpose FSA, you can preserve the funds in your Health Savings Account to use for other purposes or save for the future.
We make it easy to access your Limited Purpose FSA funds.
Similar to a credit card, the HSAccess Card gives you immediate access to your Limited Purpose FSA funds, and can be used anywhere MasterCard is accepted.
If you have an HSAccess Card, then you can access your funds with the swipe of a card, or you can submit claims for reimbursement to the HSAccess Card Claims Department.