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Glossary

Healthcare and health insurance definitions.

A B C D E F G H I L M N O P Q R S T U V W

F

Flexible spending account (FSA) :

An employee benefit offered by many companies that allows employees to have pretax dollars withheld from their salaries to pay for unreimbursed medical expenses and dependent-care expenses, such as babysitting or eldercare.

Formulary :

Health insurers generally maintain a list, called a formulary, of “preferred” generic and name brand medications. The medications listed on the formulary are usually covered at a higher level than those medications not listed. (The medications not included on the formulary are often referred to as the “non-preferred” brands.) A formulary can also be called a drug list.

FSA :

See flexible spending account.