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.