All of the following are true regarding Health Savings Accounts except
A) they allow individuals to pay for current health care expenses on a tax-free basis.
B) they allow individuals to save for future health care expenses on a tax-free basis.
C) balances in HSAs earn interest before they are spent.
D) unspent HSA funds are lost as the end of the year.
Answer: D
You might also like to view...
The primary tax benefit of an income oil and gas program is:
A) tangible drilling costs. B) depletion. C) intangible drilling costs. D) depreciation.
Jell-O brand gelatin introduced a line of vegetable flavored gelatins, including tomato and celery. The product failed because consumers associated Jell-O gelatin with a sweet, fruit-based flavor
In this example, consumers' ________ made them unwilling to accept the new product. A) exposure B) cognition C) self-actualization needs D) personalities E) interpretation