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Medical Spending Account

Written by: PeopleKeep Team
November 8, 2012 at 11:24 PM

An arrangement that lets employees save pretax dollars from their paychecks to spend on deductibles, co-pays, and/or uninsured expenses.  It is combined with a high-deductible health insurance plan. The employee retains the ownership of the account with can grow tax-deferred.  

Topics: Glossary

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