Home > Term: Flexible spending account (FSA)
Flexible spending account (FSA)
An account that reimburses the participant for qualified health costs or dependent care expenses through one pre-tax savings account. Employees or employers or both fund the account. At the end of each year, unused dollars are forfeited by the account holder.
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: CIGNA
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(London, United Kingdom)