Health Savings Accounts (HSAs) are tax-free financial accounts designed to help individuals save for future healthcare expenses

a) True

b) False

Health Savings Accounts (HSAs) are particularly helpful to persons over the age of 65 years.

a) True

b) False

Unlike Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) do not roll over into the new year and any unused money is forfeited to the employer

a) True

b) False

Health Reimbursement Arrangement (HRA) is funded solely by the employer

a) True

b) False

There is a strict limit on the amount of money that an employer can contribute to a Health Reimbursement Arrangement (HRA)

a) True

b) False