flexible spending account


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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.
References in periodicals archive ?
The money in Flexible Spending Accounts can be used to pay for out-of-pocket health costs a person, his/her spouse, and any eligible dependents including elderly parents or adult children up to age 26.
Health-related savings plans--like flexible spending accounts and health savings accounts--are offered at an employer's discretion and aren't required by law.
However, it is important to note that the smallest group surveyed showed the strongest interest in flexible spending accounts.
We administer and operate a broad array of CDBs, including spending account management programs, such as health and dependent care Flexible Spending Accounts, or FSAs, Health Savings Accounts, or HSAs, Health Reimbursement Arrangements, or HRAs, and commuter benefits, such as transit and parking programs.
During the card's first year of use, Humana increased enrollment in its flexible spending accounts by 65%.
If you want to send your child to Set flexible spending account through employer to pay for dependent, day care.
Employers can manage their FSA offerings by accessing Guardian Anytime to: -- View member profiles -- Manage member changes (add, edit and terminate members) -- Track the status of member changes -- Upload FSA documents for members' use Employees can access GuardianAnytime to: -- View current FSA elections -- View claims history -- View flexible spending account summary -- Download and print plan documents
Aetna AutoDebit will automatically deduct the members' out-of-pocket payment from their flexible spending account at the pharmacy check-out.
It provides the tax advantages of an individual retirement account and the medical expense funding options of a flexible spending account.
The flexible spending account offers Coors employees the opportunity to save money on their health care benefits.
However, Plan Advisor also features Health Savings Account (HSA), Flexible Spending Account (FSA) and transportation benefits.
Web-Based Proposals for Flexible Spending Account Services Are Latest Example of CONEXIS' Industry-Leading Benefits Administration Solutions

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