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

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

From Seattle Times ● Jan. 21, 2024

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

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

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