Identify the choice that best completes the statement or answers the question.
-Medical Savings Account (now Health Savings Account) is a means to shelter funds from taxes to pay for
A)premiums only.
B)yearly IRS tax liability.
C)only hospital bills.
D)medical expenses.

Question

Quizplus · Accepted Answer

Health Savings Accounts (HSAs) are designed to help individuals save for qualified medical expenses on a tax-advantaged basis. These expenses can include a wide range of medical, dental, and mental health services, not just hospital bills or insurance premiums.

Identify the Choice That Best Completes the Statement or Answers