Which of the Following Statements Is FALSE About Health Savings

question 31

Multiple Choice

Which of the following statements is FALSE about Health Savings Accounts?

• A) HSAs require participants to "use it or lose it" in that unused funds cannot be rolled over to the next year.
• B) Individual employees can set aside pre-tax dollars for medical care thus reducing the cost of healthcare by their tax rate.
• C) Both employers and employees can make contributions to HSAs.
• D) HSAs have high annual deductibles which must be paid by the employee participants..

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Property

Assets or possessions owned by an individual or entity, including both physical and intellectual properties.

Doctor

A qualified individual who practices medicine, diagnosing and treating diseases or injuries.

Title

Legal right to own, use, or sell a particular property or asset.

Right of Ownership

The legal right to possess, use, and dispose of property without unlawful constraint.