A Limited Purpose Flexible Spending Account (FSA) is a great way for employees to pay for expenses with pre-tax dollars. It works with a qualified high-deductible health savings plan and health savings account, and allows reimbursement for preventive care, vision and dental expenses.
Our Limited Purpose FSA solution allows you to:
- Take advantage of comprehensive, one-stop, compliant Limited Purpose FSA administration capabilities.
- Offer a full-scope IRC Section 213(d) Limited Purpose FSA.
- Manage Limited Purpose FSA eligibility, contributions and schedules with one tool.
There are double tax advantages:
- Contributions are pre-tax and reduce taxable income.
- Withdrawals for eligible expenses are tax-free.
Contact your local sales representative for more information.
Limited Purpose FSAs are accounts offered by Voya Benefits Company, LLC (in New York, doing business as Voya BC, LLC) and administered by WEX Health, Inc.