Can LFSA expenses be paid from an HSA?

I have an HSA through my current employer who also offers an LFSA to me. Why would I need an LFSA? Can't I pay for LFSA eligible expenses (e.g., eyeglasses, prescription sunglasses, contact lens solution, orthodontia, etc.) with HSA funds?
1 person has
this question
+1
Reply
  • Hi Chris,

    You are correct, those items are covered, however, participating in both plans allows you to maximize your savings and tax benefits. If you have high medical expenses, and utilize your entire HSA max for the year, you would still be able to use the Limited Flex for dental and vision for you, your spouse and your dependents.

    I hope this information helps you with your plan choices. We are available to talk further via phone or email.

    Have a great rest of your day!

    ​303-369-7886 (Local)
    800-651-4855 (Toll Free)
    info@24HourFlex.com
  • (some HTML allowed)
    How does this make you feel?
    Add Image
    I'm

    e.g. kidding, amused, unsure, silly happy, confident, thankful, excited sad, anxious, confused, frustrated indifferent, undecided, unconcerned

  • An example of what Krista is talking about is shown below:

    If you wanted to fully contribute to your HSA in 2015 (and you have family HDHP Qualifying coverage) you could put in $6,550. If you also elect to have a Limited Purpose FSA you can have up to $2,550 more in pre-tax dollars that go towards qualifying vision and dental expenses. Using both accounts allows you to have $9,100 in pre-tax dollars vs only $6,550 if you only utilized the HSA.

    If you want to have LASIK surgery, have a lot of dental work (crowns, braces, etc.), or lots of people in your family getting glasses and you want to fully contribute to your HSA the Limited Purpose FSA is a great option for you.
  • (some HTML allowed)
    How does this make you feel?
    Add Image
    I'm

    e.g. kidding, amused, unsure, silly happy, confident, thankful, excited sad, anxious, confused, frustrated indifferent, undecided, unconcerned