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. Vision & Dental HSA-Compatible TAX LPFSAs are a specific type of FSA While you can have an LPFSA that can be used to pay for eligible without also having an HSA, the vision and dental expenses with pre- LPFSA is specifically designed to tax dollars. Check the full list at pair with an HSA so you can save livelyme.com/whats-eligible. and spend tax-free in parallel. FSA Rules Apply Converts to FSA Like Medical FSAs, LPFSAs are Once the health plan deductible employer-owned accounts and has been met, the LPFSA converts funds expire at the end of the plan to a Medical FSA and can be used year. Funds are elected annually for other eligible expenses in and available on day 1 of the plan. addition to vision and dental.* “When should I enroll in an LPFSA?” 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. “What if I have more questions?” 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. [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. ਀ [3] This may vary by employer. Refer to your plan documents for comprehensive details⸀਀ The content presented in this document are 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. livelyme.com | 1.888.576.4837 | support@livelyme.com