Limited Purpose Flexible Spending Account

Easily navigate the crowded vendor landscape

Limited purpose flexible spending account is a tax-advantaged account allowing employees to set aside pre-tax money to help pay for qualified vision and dental care expenses only.

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Rachel B

HR Director

Vendor Banner Limited Purpose Flexible Spending Account Q2  2024

Q2 June 2024: Winners

Top 8 Limited Purpose Flexible Spending Account

List of the top 8 Limited Purpose Flexible Spending Account in Shortlister as of June 2024, presented in the order they appear in the full Vendor Listing tab.

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42 Vendors
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Full Reviews Breakdown

elevate.inc

Elevate strives to offer the industry’s most intuitive, configurable, and automated administration platform for employers, their employees and their dependents, to maximize the advantages of consumer directed benefits. Currently, the consumer-directed ... View Full Profile

Employees
20
Lives Serviced
Not Provided
Funding
15M Series A
Minimum Group Size
No Minimum
Features
3rd Party Integrations
Android Native Application
Global Capabilities
Top Offerings
Health Care Flexible Spending Account (FSA)
Health Savings Account (HSA)
Health Reimbursement Arrangement (HRA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Benepass

Why Benepass FSA Modernize the employee experience. Employees can easily access and manage their FSAs/DCFSAs through a web app and mobile app. They receive a virtual FSA card in our app along with their physical card. Give your admins more time back in their ... View Full Profile

Employees
40
Lives Serviced
50,000
Funding
12M Series B
Minimum Group Size
No Minimum
Features
3rd Party Integrations
Android Native Application
GDPR Compliant
Top Offerings
Lifestyle Spending Account
Health Savings Account (HSA)
Health Care Flexible Spending Account (FSA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Advanced Benefit Strategies

A limited FSA is a benefit that allows you to choose how much of your paycheck you’d like to set aside, before taxes are taken out, for qualified dental, vision and preventative care expenses. It pairs well with a health Savings Account (HSA). This plan ... View Full Profile

Employees
20
Lives Serviced
21,000
Funding
Not Provided
Minimum Group Size
1 eligible
Features
3rd Party Integrations
Android Native Application
GDPR Compliant
Top Offerings
Health Reimbursement Arrangement (HRA)
Health Care Flexible Spending Account (FSA)
ICHRA Plans
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
5.0 (1 reviews)
Full Reviews Breakdown

BBP Admin

A limited purpose FSA is an account that allows employees to set aside pre-tax dollars for eligible dental and vision expenses for them self and their dependents, even if they are not covered under the primary health plan. The participant chooses an annual ... View Full Profile

Employees
50
Lives Serviced
1,025,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
3rd Party Integrations
Android Native Application
Dashboard analytics
Top Offerings
COBRA Administration
Health Savings Account (HSA)
Health Care Flexible Spending Account (FSA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

EMPOWER

Human Touch Service for Your Group! In 2023, EMPOWER celebrated its 25th anniversary administering FSAs, HRAs, HSAs, Cobra, and Commuter and Lifestyle Benefits accounts for employers in the Midwest and throughout the nation. EMPOWER combines the advanced ... View Full Profile

Employees
Not Provided
Lives Serviced
Not Provided
Funding
Not Provided
Minimum Group Size
No Minimum
Features
3rd Party Integrations
Android Native Application
iOS Native Application
Top Offerings
Limited Purpose Health Care Flexible Spending Account (FSA)
Health Care Flexible Spending Account (FSA)
Dependent Care Flexible Spending Account (FSA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

HealthEquity, Inc.

HealthEquity connects health and wealth, delivering health savings account (HSA) and other consumer driven health solutions in partnership with over 54,682 employers and more than 200 health plans, retirement plan recordkeepers, and benefits administrators ... View Full Profile

Employees
3688
Lives Serviced
14,400,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
Android Native Application
Global Capabilities
iOS Native Application
Top Offerings
Health Savings Account (HSA)
Health Care Flexible Spending Account (FSA)
Transit Account
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -

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Reviews pending
Full Reviews Breakdown

HSA Bank, a division of Webster Bank, N.A.

Since 1997, HSA Bank has been leading the way to a healthy financial future for our clients and members. HSA Bank uses technology and innovation to simplify the health account experience while offering reliable and responsive support to our business partners ... View Full Profile

Employees
625
Lives Serviced
3,000,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
Android Native Application
iOS Native Application
Responsive Design
Top Offerings
Health Savings Account (HSA)
Health Care Flexible Spending Account (FSA)
Health Reimbursement Arrangement (HRA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

MyChoice Accounts by Businessolver

At Businessolver, we know that a Flexible Spending Account (FSA) shouldn’t just be flexible in name. We built our MyChoice Accounts solution to support your unique FSA attributes, allowing you to deliver a benefit that fits your diverse workforce. We manage ... View Full Profile

Employees
1400
Lives Serviced
700,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
3rd Party Integrations
Android Native Application
Dashboard analytics
Top Offerings
Health Care Flexible Spending Account (FSA)
Health Savings Account (HSA)
Health Reimbursement Arrangement (HRA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

WEX Health, Inc.

If you offer a high-deductible health plan and a health savings account, consider a limited FSA alongside the HSA to maximize savings. These funds can be used for qualifying dental and vision expenses... View Full Profile

Employees
325
Lives Serviced
1,000,000
Funding
None
Minimum Group Size
1500 eligible
Features
3rd Party Integrations
Android Native Application
Dashboard analytics
Top Offerings
Benefits Administration
ACA Management
Dependent Eligibility Service
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Employee Benefits Corporation (EBC)

A limited health FSA allows participants to pay for eligible vision and dental expenses that are not covered by another health plan. A limited health FSA is a great option if participants (or their spouse, if they're married) contribute to a health savings ... View Full Profile

Employees
215
Lives Serviced
1,100,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
3rd Party Integrations
Android Native Application
iOS Native Application
Top Offerings
Health Care Flexible Spending Account (FSA)
Health Savings Account (HSA)
COBRA Administration
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
5.0 (1 reviews)
Full Reviews Breakdown

Forma

Putting flexibility back into FSAs Take advantage of IRS-approved pre-tax spending without the headaches, support needs, and legacy software. Forma’s platform helps inject the flexibility into FSAs that’s been missing. One system. Multiple FSAs. In ... View Full Profile

Employees
150
Lives Serviced
5,500,000
Funding
40M Series B
Minimum Group Size
250 eligible
Features
3rd Party Integrations
Android Native Application
Dashboard analytics
Top Offerings
Lifestyle Spending Account
Health Savings Account (HSA)
Health Care Flexible Spending Account (FSA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Salusion

Salusion is a technology-driven administrator of the following tax-advantaged benefits: - QSEHRAs - ICHRAs - GCHRAs - EBHRAs - Taxable HRAs - HSAs - Health FSAs - Dependent Care FSAs - Transportation Benefits... View Full Profile

Employees
18
Lives Serviced
30,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
Android Native Application
GDPR Compliant
Global Capabilities
Top Offerings
Health Reimbursement Arrangement (HRA)
ICHRA Plans
Health Savings Account (HSA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

BASIC

As one of the first third-party administrators of Flexible Spending Accounts in the nation, BASIC is a Technology Driven HR Compliance Company focused on delivering administrative and technology solutions to assist Human Resource Departments throughout the ... View Full Profile

Employees
397
Lives Serviced
1,000,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
Android Native Application
GDPR Compliant
Global Capabilities
Top Offerings
Health Care Flexible Spending Account (FSA)
Health Reimbursement Arrangement (HRA)
Health Savings Account (HSA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
3.8 (3 reviews)
Full Reviews Breakdown

Benefitfocus

Integrated administration and employee management of consumer savings and reimbursement accounts... View Full Profile

Employees
1209
Lives Serviced
25,000,000
Funding
Not Provided
Minimum Group Size
1000 eligible
Features
3rd Party Integrations
Android Native Application
Dashboard analytics
Top Offerings
Benefits Administration
ACA Management
Claims Analytics
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Inspira Financial

A limited purpose flexible spending account (LPFSA) benefit can help employees care for their eyes and smiles, both crucial to wellness. Not only does an LPFSA benefit unlock tax savings for employees, but it demonstrates your commitment to balanced, healthy ... View Full Profile

Employees
Not Provided
Lives Serviced
Not Provided
Funding
Not Provided
Minimum Group Size
1 eligible
Features
Top Offerings
Health Savings Account (HSA)
Emergency Savings
COBRA Administration
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Lively

Lively is the modern HSA experience built for those seeking stability in the ever-shifting and uncertain healthcare landscape. Lively is committed to helping every HSA maximize its potential through intuitive design, accessible support, and ongoing education... View Full Profile

Employees
109
Lives Serviced
Not Provided
Funding
80M
Minimum Group Size
No Minimum
Features
Android Native Application
GDPR Compliant
Global Capabilities
Top Offerings
Health Savings Account (HSA)
Health Care Flexible Spending Account (FSA)
Dependent Care Flexible Spending Account (FSA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Medcom Benefit Solutions

Celebrating pver 40 years, Medcom has been a leader in employee benefit administration, ERISA Compliance, and consulting services with exceptional service. We create tailor-made solutions of tax-advantaged benefit plans using innovative debit card technology ... View Full Profile

Employees
85
Lives Serviced
690,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
3rd Party Integrations
SaaS / Cloud-based
Third-party integrations
Top Offerings
Benefits Administration
COBRA Administration
ACA Management
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Alight Solutions (Alight Worklife/SmartBen)

Alight was established in June 2017 after a divestiture from Aon Corporation of their benefits administration, HR business process outsourcing, and related consumer experience businesses. Alight builds on its 25+ years of HR expertise gained from the history ... View Full Profile

Employees
19000
Lives Serviced
30,000,000
Funding
Not Provided
Minimum Group Size
500 eligible
Features
3rd Party Integrations
Android Native Application
Dashboard analytics
Top Offerings
Benefits Administration
Clinical Navigation / Care Coordination
Payroll
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Ameriflex

A Limited Purpose FSA (LPFSA) is a special type of FSA that allows employees to set aside tax-free money to pay for eligible dental and vision expenses. What makes an LPFSA unique is that it can be used in conjunction with a health savings account (HSA), ... View Full Profile

Employees
Not Provided
Lives Serviced
2,750,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
3rd Party Integrations
Android Native Application
iOS Native Application
Top Offerings
Health Savings Account (HSA)
Health Care Flexible Spending Account (FSA)
Health Reimbursement Arrangement (HRA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Aptia

Aptia is a trusted provider of employee benefits and pensions administration services, with offices in the UK and US, supported by shared services in India and Portugal. It manages programs covering over 7 million people and serving more than 1,100 clients. ... View Full Profile

Employees
3500
Lives Serviced
7,000,000
Funding
Not Provided
Minimum Group Size
100 eligible
Features
3rd Party Integrations
Android Native Application
Dashboard analytics
Top Offerings
Benefits Administration
Benefits Decision Support
Dependent Eligibility Service
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -