In a health savings account, _______________.
A)unused amounts in the individual's account cannot be rolled over to future years
B)there is no incentive to employees to spend less on health expenses
C)individual employees can set aside post-tax amounts for medical care into a health savings account
D)both employees and employers can make contributions to the account

Question

Quizplus · Accepted Answer

In a health savings account, both employees and employers can make contributions to the account. Option A is incorrect because unused amounts in the account can be rolled over to future years. Option B is incorrect because there is an incentive for employees to spend less on health expenses as they can keep the remaining funds in their account. Option C is partially correct as individuals can set aside pre-tax amounts for medical care into a health savings account, not post-tax amounts.

In a Health Savings Account, _______________