The Flexible Spending Account (FSA)has the Following Characteristics

The Flexible Spending Account (FSA) has the following characteristics:

A) An option of setting aside pretax income to pay for out of pocket medical expenses.
B) The funds accumulated over a year must be spent within the year.
C) Allows employees who work for small companies (less than 50 employees) who have high deductible plans, can use an MSA to set aside pretax dollars to be used for their premiums and non reimbursed healthcare expenses.
D) All of the statements are correct.