What is a limited purpose FSA (LPFSA)?
A LPFSA is a flexible spending account (FSA) that can only be used for expenses related to dental and vision. It functions just like a healthcare FSA but unlike a healthcare FSA it can be paired and used alongside a health savings account (HSA).
How does a LPFSA work?
LPFSA funds are deposited on a pre-tax basis where they remain in the account until you submit a claim for reimbursement. Once the claim has been processed and approved the funds will be deducted from the account and sent to you via check or if you have direct deposit set up in your ConnectYourCare account they will be sent via ACH.
What can I use my LPFSA funds for?
Eligible expenses include things like, dental and vision screening tests, dental crowns, glasses, dentures, dental x-rays etc. For more examples of eligible expenses please see the attachment here.
Can my LPFSA cover expenses for my partner and or dependents?
Yes, just like a healthcare FSA your limited purpose FSA can be used to cover expenses for your spouse and dependents.
During what dates is the LPFSA effective?
You will have access to your LPFSA for a full plan year. That means any expenses that are incurred between January 1st and December 31st while you are enrolled in the LPFSA are eligible for reimbursement.
When do my LPFSA funds expire? Do they roll over if I don’t use them by December 31st?
Your LPFSA funds expire at the end of the plan year, December 31st. You have until that date to incur any eligible expenses. After December 31st you will have until March 31st to submit any unsubmitted claims, after that date any unused funds will be forfeited.
What if I change jobs mid year?
If you leave your employer mid year you will lose access to your LPFSA funds just like a HCFSA
Can I use my LPFSA for expenses incurred before my LPFSA effective date?
No, any expenses that were incurred before the start of the plan year are not eligible for reimbursement under the LPFSA.
How long do I have to file a claim?
You are able to file a claim against your LPFSA up until March 31st 2022. After that any unused funds in your LPFSA account will expire and be forfeited.
Can I have a LPFSA if I have an HSA?
Yes! LPFSAs were built to go hand in hand with your HSA.
If my spouse has an FSA, can I still have a LPFSA?
Yes, if your spouse is enrolled in an FSA or HSA you are still eligible to enroll and utilize a LPFSA.
Where can I view my LPFSA enrollment and account information?
To view information regarding your LPFSA please login to your online CYC account here.
ConnectYourCare’s Customer Service is open 24/7 365 days a year. If you have any questions or need to contact ConnectYourCare for help on your account, you can call 1 (877) 292-4040 or email firstname.lastname@example.org.
You can also get more information and submit your claims through the ConnectYourCare app. For more information and links to download please visit their mobile app page here.