Limited Purpose Flexible Spending Account
You can only use the Limited Purpose FSA to pay for eligible:
- Dental expenses, including orthodontia, coinsurance, and copays
- Vision expenses, including LASIK surgery, glasses or contacts, coinsurance and copays
- Medical and prescription drug expenses, but only after you’ve met your annual deductible
You can elect to contribute up to $2,750 in 2020 to your Limited Purpose FSA.
You must enroll in the FSA for every year you want to participate.
Unused Limited Purpose FSA funds do not roll over from one plan year to the next. Any unused amount will be forfeited.
You have until December 31 to spend the money in your FSA and until March 31 of the following year to submit your claims.