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flexible spending account

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
flexible spending account,
n an employee reimbursement account primarily funded with employee-designated salary reductions. Funds are reimbursed to the employee for health care (medical and/or dental), dependent care, and/or legal expenses and are considered a nontaxable benefit.


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However, Toney, 42, is a leadership gifts officer at Spelman College, which provides a Flexible Spending Account that allows her to pay for Camille's visits with a prepaid Pay Flex MasterCard.
The Estimator lists portions of the bill to be paid by Cigna and by the covered individuals' other sources, such as out-of-pocket, coinsurance, copays, flexible spending accounts, health reimbursement arrangements and health savings accounts.
com Main Street Softworks Inc, a provider of secure financial transaction software, has announced new features and enhancements to its Monetra Version 7 payment server software product, including secure store and forward functionality, support for Flexible Spending Account transactions and the Bill Me Later alternative payment method.
 
 
 
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