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

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Etymology

Origin of flexible spending account

First recorded in 1980–85

Example Sentences

See Examples For:

flexible spending account

Pretax deductions: Any money exempt from income taxes, including medical or dental insurance, or money you elected to put into a flexible spending account or workplace retirement plan.

From Washington Post ● Jan. 11, 2023

Broadly, just about anything you’d need to restock a medicine cabinet — a first-aid kit, bandages, allergy medicine, heartburn treatment, antibiotic ointment, pain relievers, contact solution — can be purchased with your flexible spending account.

From Los Angeles Times ● Dec. 12, 2022

A dependent care flexible spending account is another option.

From Seattle Times ● Aug. 30, 2022

A few years ago, menstrual products became an eligible expense for flexible spending account reimbursement.

From New York Times ● Jul. 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