I have read that already. I'm just not sure if it is possible to add the spare later after the RAID 5 has been built and setup. All that wiki explains is:
Both hardware and software RAIDs with redundancy may support the use of hot spare drives, a drive physically installed in the array which is inactive until an active drive fails, when the system automatically replaces the failed drive with the spare, rebuilding the array with the spare drive included. This reduces the mean time to recovery (MTTR), though it doesn't eliminate it completely. Subsequent additional failure(s) in the same RAID redundancy group before the array is fully rebuilt can result in loss of the data; rebuilding can take several hours, especially on busy systems.
Rapid replacement of failed drives is important as the drives of an array will all have had the same amount of use, and may tend to fail at about the same time rather than randomly. RAID 6 without a spare uses the same number of drives as RAID 5 with a hot spare and protects data against simultaneous failure of up to two drives, but requires a more advanced RAID controller. Further, a hot spare can be shared by multiple RAID sets.