Question

FSAs and HSAs provide tax advantages for health care expenses.
True / False

Answer 1

FSAs and HSAs do provide tax advantages for health care expenses. HSAs are available to individuals with high deductible health plans.

Step-by-step explanation:

FSAs and HSAs do provide tax advantages for health care expenses, so the statement is true.

A Flexible Spending Account (FSA) is a type of savings account where you can set aside pre-tax dollars to pay for eligible medical expenses.

These accounts are offered by employers as part of a benefits package.A Health Savings Account (HSA) is another type of savings account that allows you to contribute pre-tax dollars to pay for medical expenses.

HSAs are available to individuals with high deductible health plans.