Question

Hello

Please help me with the following :

What is a flexible account?

Regards,

Nikita

Answer 1

A Flexible Spending Account (also known as a flexible spendingarrangement) is a special account you put money into that you use to pay for certain out-of-pocket health care costs. You don't pay taxes on this money. This means you'll save an amount equal to the taxes you would have paid on the money you set aside