LSP offers Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) through Inspira. Both allow you to use pre-tax dollars for eligible expenses, but they work differently.
Heath Savings Account VS Flexible Spending Account
Health Savings Account (HSA)
HSA is available to employees enrolled in an eligible High Deductible Health Plan (HDHP).
Why choose an HSA?
Your money rolls over year to year
The account belongs to you and stays with you if you leave LSP
Use funds for eligible medical, dental, vision, prescription, and other healthcare expenses
You can save for future healthcare expenses
2027 Contribution Limits
Employee: $4,500
Family: $9,000
Age 55+: Additional $1,000
Flexible Spending Account (FSA)
FSA allows you to set aside pre-tax money through payroll deductions for eligible expenses.
Healthcare FSA
Use for eligible medical, dental, vision, prescription, and healthcare expenses
2027 contribution limit: $3,500
Up to $700 annually may roll over to the next plan year
Dependent Care FSA
Use for qualifying childcare and dependent care expenses
LSP 2027 contribution limit: $5,500
Unused funds generally follow the use-it-or-lose-it rule
Manage Your Account
Account Creation Guide Click Here
Inspira: 844-729-3539
Website: inspirafinancial.com
For questions about eligibility or LSP benefits, contact the LSP Human Resources Team.