FAQs

IRS rules do not allow you to contribute to a Health Savings Account (HSA) if you are covered by any non-qualifying health plan, including a general-purpose Health Care FSA. By limiting FSA reimbursements to qualifying dental and vision care expenses, you (or your spouse) remain eligible to participate in both a LEX HCFSA and an HSA. Participating in both plans allows you to maximize your savings and tax benefits. The money you contribute to a LEX HCFSA is not subject to payroll taxes, so you pay less in taxes and take home more of your paycheck.

Plus, when you reenroll in a LEX HCFSA, you can carry over up to $610 remaining in your account from one plan year to the next, so there's no "use or lose" risk.

Use our savings calculator to add up your savings. And for more details, see Limited Expense Health Care FSA.