What Differentiates Flexible Spending Accounts (FSAs)and Health Savings Accounts (HSAs)

question 29

Multiple Choice

What differentiates Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) ?

• A)Amounts contributed to FSAs may not be rolled over from one year to the next.
• B)HSAs expire on an annual basis but FSAs continue perpetually.
• C)FSAs expire annually but HSAs may be reserved for use late in life.
• D)Only HSAs may be deducted from employee on a pre-tax basis.

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Definitions:

Video Games

Digital games played on computers, consoles, or mobile devices, often involving interactive gameplay.

Attending Classes

involves being present in a scheduled course or educational program in which teaching and learning are conducted.

Incentive

A reward or benefit that motivates individuals or entities to act in a certain way.

Attendance Policy

A set of rules or guidelines regarding the presence of individuals at a place of employment, school, or other organizations, usually outlining consequences for absence.