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A flexible spending account (FSA), also known as a flexible spending arrangement, 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.
Flexible Spending Accounts (FSAs) You never know when life may throw you a surprise expense, but you can prepare for it. If you anticipate having medical, dependent care, or adoption expenses during your employee benefits plan year, you may be able to save money by utilizing a Flexible Spending Account (FSA), also known as a Section 125 plan.