What differentiates Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs)?

Multiple Choice

• Health Savings Accounts (HSAs) expire on an annual basis but Flexible Spending Accounts (FSAs) continue perpetually.

• Amounts contributed to Flexible Spending Accounts (FSAs) may not be rolled over from one year to the next.

• Only Health Savings Accounts (HSAs) may be deducted from employee on a pre-tax basis.

• Flexible Spending Accounts (FSAs) expire annually but Health Savings Accounts (HSAs) may be reserved for use late in life.