A Major Disadvantage of an FSA Is That Generally Employees

question 28

True/False

A major disadvantage of an FSA is that generally employees forfeit any amounts left unspent in the accounts at year end.

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Definitions:

Echolalia

A symptom of autism or schizophrenia in which a person responds to statements by repeating the other person’s words.

Intellectual Disability

A disability characterized by significant limitations in both intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.

Socioeconomic Groups

Categories of people sharing similar levels of economic, occupational, and educational status.

Nonbiological Factors

Influences on human behavior and development that do not stem from genetic or biological processes, such as social, economic, cultural, and environmental factors.