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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.

See Examples For:

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

But there are ways to keep health care costs lower, including taking advantage of a flexible spending account or health savings account, comparing pharmacy prices on medications and using a care manager through your insurance.

From Seattle Times Mar. 28, 2023

But if you have money left over in your healthcare flexible spending account, you’ll lose it soon unless you spend it on something.

From Los Angeles Times Dec. 12, 2022

If you have a flexible spending account, you may want to use funds before losing them in a layoff, she added.

From Washington Post Nov. 8, 2022

Law enforcement officials could also pursue subpoenas of companies that issue debit cards on which flexible spending account dollars are loaded.

From New York Times Jun. 29, 2022

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