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

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

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

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 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