The Limited Use Flexible Spending Account (LUFSA) administered by Alight works the same way as the HCFSA does, except it can only be used for dental and vision expenses.
The IRS has rules about eligible expenses. Learn more on the IRS website and speak with your tax advisor.
Saving and Using Your LUFSA Dollars
- You can save from $100 to $2,700 each calendar year, unless you and your spouse file separate tax returns, in which case, the most you can save is $1,375.
- When you use network dentists or eye doctors, your out-of-pocket expenses will be automatically deducted from your LUFSA.
- You have until December 31 to use your current year’s HCFSA dollars. Any dollars left in the account will be forfeited. If you have any claims to file for the prior year, you must file them by March 31.