Any amount not used in a given year remains in the account and continues to gain interest

A) health savings account
B) health reimbursement arrangement
C) flexible spending arrangement

Question

​Any amount not used in a given year remains in the account and continues to gain interestA) ​health savings accountB) ​health reimbursement arrangementC) ​flexible spending arrangement

Hassan Alsulaman · Accepted Answer

Final Answer : A, Explanation :  A health savings account (HSA) allows funds to roll over and accumulate year over year if they are not spent. HSAs are unique in that they are owned by the individual, contributions can be made by the individual or the employer, and the funds, including interest, remain available for future medical expenses.

Any amount not used in a given year remains in the account and continues to gain interest

A) health savings account
B) health reimbursement arrangement
C) flexible spending arrangement

Definitions

Learning Objectives

Learning Objectives

Related questions

​Any amount not used in a given year remains in the account and continues to gain interestA) ​health savings accountB) ​health reimbursement arrangementC) ​flexible spending arrangement

Definitions

Learning Objectives

Learning Objectives

Related questions

Any amount not used in a given year remains in the account and continues to gain interest

A) health savings account
B) health reimbursement arrangement
C) flexible spending arrangement