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

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

From Seattle Times • Jan. 21, 2024

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

Broadly, just about anything you’d need to restock a medicine cabinet — a first-aid kit, bandages, allergy medicine, heartburn treatment, antibiotic ointment, pain relievers, contact solution — can be purchased with your flexible spending account.

From Los Angeles Times • Dec. 12, 2022

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

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