livelyme.com | 1.888.576.4837 | support@livelyme.com LPFSA + HSA The LPSFA and the HSA uniquely complement each other because one is a short-term spending account and the other is a long-term saving account. By enrolling in both simultaneously, you have the opportunity to maximize HSA contributions while reducing out-of- pocket expenses by paying with LPFSA funds. No other healthcare accounts can be paired like this. LPFSAs are a specific type of FSA that can be used to pay for eligible vision and dental expenses with pre- tax dollars. Check the full list at livelyme.com/whats-eligible. Like Medical FSAs, LPFSAs are employer- owned accounts and funds expire at the end of the plan year. Funds are elected annually and available on day 1 of the plan. While you can have an LPFSA without also having an HSA, the LPFSA is specifically designed to pair with an HSA so you can save and spend tax-free in parallel. Vision & Dental FSA Rules Apply HSA-Compatible TAX “When should I enroll in an LPFSA?” “What if I have more questions?” The rule of thumb is to only enroll in an LPFSA if you also plan to contribute the annual maximum to your HSA in the same tax year. By paying for eligible vision and dental expenses with LPFSA funds first, you give your HSA funds a chance to grow. [1] Annual contribution limits are set by the IRS each year. Contributions may vary by employer. Refer to your plan documents for additional considerations, such as catch-up contributions (55+) and employer contributions or matching. [2] Assuming combined state and federal income taxes of 35% of more. The content presented in this document is for informational purposes only, and is not, and must not be considered investment, legal, accounting, or financial planning advice, nor a recommendation as to a specific course of action. Your employer’s benefits plan documents should serve as the source of truth. You can also visit livelyme.com/blog or contact Lively Support to learn more about using your healthcare accounts.