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

question 33

Multiple Choice

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

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

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Definitions:

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