Flexible Spending Accounts Are Subject to a Use-It-Or-Lose-It Rule

question 165

True/False

Flexible spending accounts are subject to a use-it-or-lose-it rule.

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Definitions:

FTC

The Federal Trade Commission, a governmental agency in the United States responsible for protecting consumers and maintaining competition.

Deceptive Advertising

Marketing practices that mislead or trick consumers into believing something about a product or service that is not true.

Money Back Guarantee

A promise made to customers that they will receive a refund if they are not satisfied with a product or service within a specified period.

Federal Trade Commission

A U.S. government agency tasked with protecting consumer rights and preventing anticompetitive, deceptive, and unfair business practices.