A flexible spending account (FSA) is a vehicle that allows employee-paid expenses for medical or dependent care to be paid with pre-tax dollars. It is funded by an employer. If not used by the end of the year, the FSA is not taxable income received by the employee.
What statement is not accurate regarding participation in an HSA?
a. A health savings account is intended for people who have a high-deductible health care plan.
b. Employees make tax-deductible contributions to their HSAs to be used for eligible expenses.
d. Employers are prohibited from making contributions to their employees' HSAs.
