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flexible spending account

American  

noun

  1. an account to which an employee contributes a portion of earnings to pay for certain expenses such as medical and dependent care: contributions are exempt from payroll taxes. FSA


Etymology

Origin of flexible spending account

First recorded in 1980–85

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Parents can currently set aside pretax dollars in a flexible spending account to spend on child-care costs, for example.

From Los Angeles Times • Aug. 22, 2024

Each year at this time, health practitioners and retailers eagerly vie to help you drain every last dollar from your flexible spending account.

From New York Times • Nov. 12, 2022

A dependent care flexible spending account is another option.

From Seattle Times • Aug. 30, 2022

Regardless of whether you have dental insurance, estimate your out-of-pocket medical and dental costs, and stash that money in a flexible spending account.

From Washington Post • Mar. 2, 2022

This year you may be able to roll over the unused money in your flexible spending account.

From Los Angeles Times • Dec. 14, 2021

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