Flexible Savings Account (FSA)

Definition of "Flexible Savings Account (FSA)"
  1. A type of account where employees can contribute pretax income for out-of-pocket medical costs not covered by health insurance or for dependent care expenses
How to use "Flexible Savings Account (FSA)" in a sentence
  1. He used his Flexible Savings Account (FSA) to pay for his child's daycare expenses.
  2. She found that contributing to a Flexible Savings Account (FSA) was an effective way to deal with unexpected medical bills.
  3. After considering all options, they decided a Flexible Savings Account (FSA) was a good way to manage their healthcare costs.

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