Question 5014 of 287 · Texas Life, Accident and Health Agent Exam
Unlike an FSA, a health savings account (HSA)
Exactly one answer is correct.
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Correct answer to question 5014
- C: belongs to the individual and the balance rolls over and stays with the person when changing jobs
Explanation
HSA funds are portable and may be invested. Distribution for non-medical use is taxable and subject to a penalty before age 65.
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