______ allow the employer and employee to fund an account from which the employee can pay medical expenses each year with pretax dollars.
A) Health compensation accounts
B) Health savings accounts
C) Unemployment insurers
D) Preferred provider organizations

Question

Quizplus · Accepted Answer

Health savings accounts (HSAs) allow both the employer and employee to contribute pre-tax dollars to an account that can be used to pay for qualified medical expenses. This can help employees save money on their taxes while also providing funds to cover healthcare costs. Health compensation accounts and unemployment insurers are not relevant terms in this context, and while preferred provider organizations (PPOs) are a type of health insurance plan, they do not relate specifically to this type of savings account.

______ Allow the Employer and Employee to Fund an Account