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

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

From Los Angeles Times

You can also use a health savings account or a flexible spending account to pay for them.

From Seattle Times

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

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

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