Money can be deposited into a ________ by both the employer and employee and used by the employee to pay for health care related expenses.

Question

Quizplus · Accepted Answer

A health savings account (HSA) is a type of savings account that allows individuals to deposit pre-tax dollars into it to pay for qualified medical expenses. Both employers and employees can contribute to the HSA, and the funds are owned by the employee. HSAs are typically paired with high deductible health plans, but they offer tax advantages and flexibility for the employee to use the funds for a range of health-related expenses.

Money Can Be Deposited into a ________ by Both the Employer