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 • 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

It’s especially important this year to check the balance in your flexible spending account and know the deadline for using it on health costs because the elastic rules adopted in the pandemic are expiring.

From New York Times • Sep. 16, 2022

A dependent care flexible spending account is another option.

From Seattle Times • Aug. 30, 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