To be eligible for an LPFSA (Limited Purpose Flexible Spending Account), you must also be enrolled in a High Deductible Health Plan (HDHP). Employees who are not enrolled in an HDHP are ineligible.

You may use your LPFSA funds to pay for eligible expenses incurred by you, your spouse, and your qualified dependents.

2024 Contribution Limits

For 2024, employees with a Limited Purpose FSA (LPFSA) may elect to contribute up to an annual maximum of $3,200.

The maximum carryover amount from the 2024 plan year into the 2025 plan year is $640, which is determined by the IRS.

2023 Contribution Limits

For 2023, employees with a Limited Purpose FSA (LPFSA) were able to elect to contribute up to an annual maximum of $3,050.

The maximum carryover amount from the 2023 plan year into the 2024 plan year is $610, which is determined by the IRS.

Questions? We are happy to help! Please reach out to Benepass Support for any assistance.