A use it or lose it type planA) health savings accountB) health reimbursement arrangementC) flexible spending arrangement

Question

​A use it or lose it type planA) ​health savings accountB) ​health reimbursement arrangementC) ​flexible spending arrangement

Lindsay Marks · Accepted Answer

Final Answer : C, Explanation :  Flexible Spending Arrangements (FSAs) operate on a use it or lose it basis, meaning funds contributed to these accounts must be used within the plan year or they are forfeited, unlike Health Savings Accounts (HSAs) and Health Reimbursement Arrangements (HRAs) which allow fund rollover.

A "use it or lose it" type plan

A) health savings account
B) health reimbursement arrangement
C) flexible spending arrangement

Definitions

Learning Objectives

Learning Objectives

Related questions

​A "use it or lose it" type planA) ​health savings accountB) ​health reimbursement arrangementC) ​flexible spending arrangement

Definitions

Learning Objectives

Learning Objectives

Related questions

A "use it or lose it" type plan

A) health savings account
B) health reimbursement arrangement
C) flexible spending arrangement