flexible savings account
An account into which employees may set aside pretax income for medical expenses not paid by health insurance (such as co-payments, premiums, and expenses that are outside of the employer's plan) or for dependent care expenses.
Category: Employment Law & HR → Employee Rights
Category: Employment Law & HR → Human Resources

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • flexible spending account — n. A savings account in which an employee can save tax free a portion of his or her earnings to meet a specific type of expense. abbrv. FSA See also cafeteria plan, health savings account The Essential Law Dictionary. Sphinx Publishing, An… …   Law dictionary

  • Flexible spending account — A flexible spending arrangement (FSA), or Flexible Spending Account, as they are commonly called, is one of a number of tax advantaged financial accounts that can be set up through a cafeteria plan of an employer in the United States. An FSA… …   Wikipedia

  • Flexible Spending Account - FSA — A type of savings account available in the United States that provides the account holder with specific tax advantages. Set up by an employer for an employee, the account allows employees to contribute a portion of their regular earnings to pay… …   Investment dictionary

  • Health savings account — A Health Savings Account (HSA) is a tax advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP). The funds contributed to the account are not subject to federal… …   Wikipedia

  • Medical savings account (United States) — Health care in the United States Public health care Federal Employees Health Benefits Program Indian Health Service Medicaid Medicare Military Health System / TRICARE State Children s Health Insurance Program (SCHIP) Veterans Health… …   Wikipedia

  • Tax-Free Savings Account — The Tax Free Savings Account or TFSA was introduced by Jim Flaherty, Canadian federal Minister of Finance, in Budget 2008. It was a significant measure in the budget and will be coming into effect on January 1st, 2009. [“Get ready for new Tax… …   Wikipedia

  • Dependent Care Flexible Spending Account (FSA) — A flexible spending account (FSA) designed to provide tax exempt funds to employees for childcare or dependent expenses. Dependent care FSA contributions are typically exempt from federal income tax, FICA and state income taxes (in most states),… …   Investment dictionary

  • Flexible mortgage — The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Australia in the early 1990s (hence the US term Australian mortgage) …   Wikipedia

  • flexible mortgage — A new type of mortgage that is becoming more popular, especially among the self employed and other people who may experience uneven cash flow. It allows you to vary your monthly payments without any penalty, and even to take a payment holiday for …   Financial and business terms

  • multi-purpose savings — savings account which has flexible conditions and can be used for many purposes …   English contemporary dictionary

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