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

question 56

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:

Genital Organs

The reproductive organs in both males and females, including external structures like the penis and vulva and internal structures like the uterus and testes.

Androgens

A group of hormones that play a role in male traits and reproductive activity.

Estradiol

A form of estrogen, a primary female sex hormone, significant for reproductive and sexual functioning as well as bone health.

Y Sex Chromosome

One of the two sex chromosomes, X and Y, that determine genetic sex in mammals; the presence of a Y chromosome generally leads to male development.