What is an HC-FSA, LP-FSA and DC-FSA?

You can use your Healthcare Flexible Spending Account (HC-FSA), Limited-Purpose Flexible Spending Account (LP-FSA) or Dependent Care Flexible Spending Account (DC-FSA) to save pre-tax money from your paycheck for eligible healthcare and dependent care expenses.

HC-FSA

Pay for IRS-qualified medical expenses like doctor visits, hospital fees, prescriptions, dental exams, vision appointments, over-the-counter medications and more for yourself, your spouse and any dependents.

LP-FSA

Even if you have a Health Savings Account (HSA), you can also contribute pre-tax money to your LP-FSA to reimburse yourself for eligible out-of-pocket vision and dental expenses like eye exams, prescription eyewear, prescription contact lenses, contact lens solution, vision correction surgery, dental cleanings, fillings, crowns, braces and dentures for yourself, your spouse and any dependents.

DC-FSA

A DC-FSA lets you set aside pre-tax money to pay for dependent care expenses like childcare, adult daycare, after-school care and au pair costs if they are for the purpose of enabling you (or your spouse, if married) to work.