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 Q1  2024

Q1 February 2024: Winners

Top 8 Limited Purpose Flexible Spending Account

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

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43 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

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

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

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
- - -
Reviews pending
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. One system. Multiple FSAs. In addition to supporting all types of pre-tax and lifestyle benefits, Forma supports ... View Full Profile

Employees
150
Lives Serviced
1,000,000
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

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
- - -

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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
207
Lives Serviced
275,000
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 Savings Account (HSA)
HR Compliance Services
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

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 A
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

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

Medcom Benefit Solutions

Celebrating 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 to ... 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
ACA Management
COBRA Administration
Benefits Administration
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Pro-Flex Administrators, LLC

Pro-Flex Administrators LLC is a full-service benefits administration company that was built on one premise: to provide the highest levels of service at an affordable cost. Our state-of-the-art software provides the efficiencies required in today’s business ... View Full Profile

Employees
15
Lives Serviced
200,000
Funding
Not Provided
Minimum Group Size
No Minimum
Features
Android Native Application
iOS Native Application
Responsive Design
Top Offerings
Health Reimbursement Arrangement (HRA)
Health Care Flexible Spending Account (FSA)
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
COBRA Administration
Health Reimbursement Arrangement (HRA)
Transit Account
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
- - -
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

Lane Health

With Lane Health, your employees are in control! Lane Health is committed to helping people on their pathway to better and more affordable healthcare. We are a full-service tax employee benefits spending account administrator, offering the following types of ... View Full Profile

Employees
30
Lives Serviced
Not Provided
Funding
1 Angel Round
Minimum Group Size
50 eligible
Features
3rd Party Integrations
Android Native Application
iOS Native Application
Top Offerings
Health Reimbursement Arrangement (HRA)
Limited Purpose Health Care Flexible Spending Account (FSA)
Lifestyle Spending Account
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

TASC

TASC (Total Administrative Services Corporation) is an award-winning nationwide administrator of tax-advantaged health benefits plans offering comprehensive services for Clients, Participants, and Providers and serving companies ranging in size from one ... View Full Profile

Employees
734
Lives Serviced
Not Provided
Funding
Not Provided
Minimum Group Size
No Minimum
Features
3rd Party Integrations
Android Native Application
Employee self-service
Top Offerings
Health Savings Account (HSA)
Administrative Services
Health Care Flexible Spending Account (FSA)
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

Diversified Benefit Services, Inc

Diversified Benefit Services, Inc. (DBS) is a leading third party administrator (TPA) providing excellence in benefit management solutions for over thirty-five years. We’re fully devoted to designing, enrolling, administering, and servicing account-based ... View Full Profile

Employees
75
Lives Serviced
Not Provided
Funding
Not Provided
Minimum Group Size
2 eligible
Features
3rd Party Integrations
Android Native Application
iOS Native Application
Top Offerings
Health Care Flexible Spending Account (FSA)
Health Reimbursement Arrangement (HRA)
COBRA Administration
Average Cost
- - -
Key Clients
- - -
Clients Your Size
- - -
Reviews pending
Full Reviews Breakdown

iRedeem Health

iRedeemHealth is a subsidiary of Tryko Partners, a private equity investment group with a focus on real estate, health care, wellness and recovery established in 1989. Our health-related subsidiaries include: Marquis Health Services: 59 Skilled Nursing ... View Full Profile

Employees
12
Lives Serviced
Not Provided
Funding
Not Provided
Minimum Group Size
No Minimum
Features
3rd Party Integrations
Android Native Application
Global Capabilities
Top Offerings
Primary Care – Virtual Care
Medical Devices
Incentive Fulfillment
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
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
- - -