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Flexible Spending Account (FSA)

Dr Healthism
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  • 25 Aug, 2018 1:38 pm

Flexible Spending Account (FSA): A tax-advantaged financial account that can be set up through a cafeteria plan of an employer that allows an employee to set aside a portion of earnings to pay for qualified medical expenses as established in the cafeteria plan. Money deducted from an employee’s pay into an FSA is not subject to payroll taxes.


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