FAQs

 Limited Expense Health Care FSA (Displaying results 1-10 of 21)

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• What is a Limited Expense Health Care FSA? Open Closed

  A Limited Expense Health Care FSA (LEX HCFSA) is a flexible spending account option if you are enrolled in a Federal Employees Health Benefits (FEHB) high-deductible health plan (HDHP) and have a He… Read more…the full answer

• How does a LEX HCFSA save me money? Open Closed

  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 reimb… Read more…the full answer

• Are all my dependents covered under a LEX HCFSA? Open Closed

  Yes, all dependents you claim or are eligible to claim on your federal income tax return, or on the return you jointly file with another are covered under your LEX HCFSA.… Read more…the full answer

• How much can I contribute to my LEX HCFSA Open Closed

  With a LEX HCFSA, you can set aside anywhere from a minimum of $100 up to $3,200 per benefit period (plan year). As with a Health Care FSA (HCFSA), the maximum annual allotment for a LEX HCFSA is $3,200 per covered employee, or $6,400 fo… Read more…the full answer

• When is my LEX HCFSA available and how do I know how much money is available? Open Closed

  This depends on when you enrolled in your LEX HCFSA. If you enrolled during Open Season, your account is available on the first day of the benefit period. If you are a new employee, your LEX HCFSA is activated once you've enrolled and your … Read more…the full answer

• What expenses are eligible under a LEX HCFSA? Open Closed

  A Limited Expense Health Care FSA (LEX HCFSA) can be used to pay for eligible dental and vision care services and products that meet the IRS definition of medical care. Eligible expenses include out-of-pocket costs for such services/product… Read more…the full answer

• My HSA covers dental and vision expenses, so why should I enroll in a LEX HCFSA too? Open Closed

  By establishing a LEX HCFSA, you can maximize your HSA savings by using pre-tax FSA dollars for eligible dental and vision expenses. This allows you to save your HSA funds for future health care expenses. … Read more…the full answer

• When was the LEX HCFSA carryover effective? Open Closed

  Carryover became effective with the 2015 benefit period, which began January 1, 2015. … Read more…the full answer

• Why was carryover selected to replace the grace period? Open Closed

  When surveyed by OPM, FSAFEDS participants preferred carryover, and OPM determined that carryover provided the best protection against forfeitures for most participants. Rather than only having 2 1/2 months to incur expenses to deplete y… Read more…the full answer

• Who is eligible for carryover? Open Closed

  To be eligible for carryover, participants must have enrolled during Open Season or as a new hire during the year and … Read more…the full answer