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The Main Difference Between Health Savings Accounts (HSAs)and Health Reimbursement

Question 24

Multiple Choice

The main difference between health savings accounts (HSAs) and health reimbursement accounts (HRAs) is that


A) unused funds in HSAs cannot be rolled over to the next year by the employee.
B) all funds in HRAs are contributed by employers.
C) there are no deductibles under HSA plans, whereas HRA plans have high deductibles.
D) HSA funds can only be applied to certain "qualified medical expenses," whereas there are fewer restrictions in HRAs.

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