A ____________ is an account set up by an employer for each employee that permits pre-tax contributions to the account to be drawn on to pay for uncovered health care expenses (like deductibles and co-payments).

Question

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A flexible spending account (FSA) is an account set up by an employer for each employee that permits pre-tax contributions to the account to be drawn on to pay for uncovered health care expenses (like deductibles and co-payments). A health spending account and wellness spending account are not common terms used for this type of account. A variable spending account is not a common term used for this type of account and may refer to a different type of financial account or investment.

A ____________ Is an Account Set Up by an Employer