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 $2,750 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 can roll over any remaining 2021 balance to 2022 under the provisions of the CARES Act. This means amounts that are unused in 2021 may carried over into 2022.