Home > Terms > English, UK (UE) > Flexible spending account (FSA)

Flexible spending account (FSA)

An arrangement that allows an employee to have pretax dollars deducted from wages and put into an account to pay for health insurance deductibles and co-payments and dependent care assistance (there are separate accounts for medical and dependent care assistance FSAs).

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  • Part of Speech: noun
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  • Industry/Domain: Accounting
  • Category: Payroll
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