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

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

The maximum you could contribute to a tax-exempt flexible spending account this year was $2,850.

From Los Angeles Times ● Dec. 12, 2022

A dependent care flexible spending account is another option.

From Seattle Times ● Aug. 30, 2022

Millions of people have access to something called a health care flexible spending account.

From New York Times ● Jul. 2, 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