Solved

An Individual Is Depositing Money into an Account Used to Pay

Question 17

Multiple Choice

An individual is depositing money into an account used to pay for out-of-pocket healthcare expenses. The money in the account earns interest, and the individual does not lose any money that is still in the account at the end of the year. What type of account is this individual using?


A) Flexible spending account
B) Tax-free savings account
C) Health savings account
D) Self-pay spending account

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents