A specific type of (FSA) An account that helps fund your share of medical expenses specified by your employer. This type of account is fully funded by employers and does not allow employee contributions. that allows you to save for dependent care expenses. You must use the money to cover out-of-pocket expenses related to care of dependent children or parents that allow you to go to work. You can contribute money to the account and withdraw it without paying taxes. The contributions can be used only in the year you made the contribution (i.e., you use it or lose it).