5 Questions
Which of the following is true about health savings accounts (HSAs)?
HSAs are only available to individuals who have a high-deductible health plan (HDHP)
What is the main difference between a health savings account (HSA) and a flexible spending account (FSA)?
HSA funds can roll over and accumulate year to year, while FSA funds do not
What is a Health Reimbursement Arrangement (HRA)?
An alternate tax-deductible source of funds paired with a standard health plan
What types of expenses can be paid with health savings account (HSA) funds?
Qualified medical expenses
When did the requirement for a doctor's prescription to pay for over-the-counter medications with HSA funds get lifted?
January 1, 2020
Test your knowledge on Health Savings Accounts (HSAs) with this quiz! Learn about the tax advantages, eligibility requirements, and rollover benefits of HSAs in the United States. Challenge yourself and become an expert on this tax-advantaged medical savings account.
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