Medical expense eligibility tool

A health savings account (HSA) is a type of savings account that lets you set aside money with a triple tax advantage: the money you contribute, earn, and take out of an HSA is all income tax free. By using income tax-free dollars in an HSA to pay for qualified medical, dental, vision, hearing, and prescription expenses, plus copays, coinsurance, and hundreds of eligible items and services, you are able to save on your health costs. Reminder: a limited purpose flexible spending account (LPFSA) is designed to pair with your HSA. A LPFSA is a pre-tax benefit used to pay for eligible dental and vision expenses.

A flexible spending account (FSA) lets you set aside money on a pre-tax basis to pay for eligible health care expenses, like medical, dental, vision, hearing, and prescription expenses, plus copays, coinsurance and over-the-counter items. These accounts generally have spending time limits, so it’s important to use your funds by the deadline. Reminder: you cannot have an FSA if you have a health savings account (HSA) account; however, you can pair a limited purpose flexible spending account (LPFSA) with your HSA. A LPFSA is a pre-tax benefit used to pay for eligible dental and vision expenses.

A health reimbursement arrangement (HRA) is a tax-free account funded by your employer. You can use the money in the account to pay for eligible health care expenses, such as copays, medical supplies, and all eligible health care expenses selected by your employer.

A dependent care flexible spending account (DCFSA) is a pre-tax benefit account used to pay for eligible dependent care services, like preschool, summer day camp, before or after school programs, and child or adult daycare. With a DCFSA, you can use untaxed dollars to help pay for dependent care while you work.

A limited purpose flexible spending account (LPFSA) is a pre-tax benefit used to pay for eligible dental and vision expenses and is designed to pair with a health savings account (HSA).