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Uniquely personal benefits solutions

INDIVIDUALS • EMPLOYERS / BROKERS
Why choose PayFlex

It’s never been easier to plan, save, and pay for personal well-being. With PayFlex, you get more value — plus savings, simplicity and convenience. 

 
 
 

INDIVIDUALS
Add up your tax savings

Curious about how much you might save with a PayFlex health care account? Just plug in your numbers. This calculator will show you possible tax savings on eligible out-of-pocket expensesfootnote2.

Total yearly eligible health care expenses
Average tax rate
21%
Potential tax savings3

footnoteFor best estimate, enter an amount less than or equal to the pretax contribution limit: Health Care FSA: $2,750; HSA: $3,550 (individual coverage) and $7,100 (family coverage); Age 55 or older: You may contribute an additional $1,000 to your HSA.

 

COMMON ELIGIBLE HEALTH CARE EXPENSES
Tax-free spending on eligible health care expenses

Check out the list of common eligible health care expenses. Use the search bar to find specific items and services. Or you can click on the column headers in the table to see which are eligible, eligible with a Letter of Medical Necessity (LOMN), or not eligible. 

 
 
FIND OUT IF AN EXPENSE IS ELIGIBLE
 

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footnote1Promotional offers, available in-store at CVS Pharmacy or online at CVS.com for eligible PayFlex HSA/FSA members.

footnote2You’ll want to add up your total health care expenses per year. These may include:

Medical: deductibles, copays, co-insurance, health care provider visits, prescription drugs, over-the-counter items, insulin, diabetes syringes and supplies, annual wellness exams, chiropractic treatments and other medical expenses

Dental: checkups and cleanings, fillings, root canals, crowns, bridges, dentures, mouth surgery, orthodontics (braces) and other dental expenses

Vision/hearing: exams, eyeglasses, prescription sunglasses, contact lenses and cleaning solutions, corrective eye surgery (LASIK, cataract), hearing exams, hearing aids, batteries and other vision or hearing expenses

footnote3Savings estimates assume annual IRS FSA and HSA contribution limits or your total expenses, whichever is less. Talk with your employer to learn the exact limits for your plan. For this calculation, we used a savings of 21% to assume federal, state and social security taxes you may avoid with pretax contributions. This calculation is just an estimate. It isn’t tax advice. Ask your tax advisor to find out how much you might save by making pretax contributions. Actual tax savings depend on many things. Some of these include state and local tax rates, your tax bracket and the FICA tax rate.