Question

Mason pulled his hamstring while at track practice and received an MRI. His medical bills totaled

$1,200. How much would he have to make in order to pay his bills if he did not use an FSA or HSA?

Answer 1

a minimum of $1,200

Explanation:

The flexible spending accounts (FSA) and health savings accounts (HSA) are basically accounts that help pay for your medical bills and therefore, drastically reduce the total amounts that you would have to pay out-of-pocket. Therefore, in this scenario, if Mason does not use an FSA or HSA then he would have to make a minimum of $1,200 to completely pay off his medical bill in full. Otherwise, he would still owe money.