How does a health savings account (HSA) help people save money?

Health

2 answers:

Rudik [331]3 years ago

8 0

The correct answer would be option D, The money is in a tax free account.

Health saving account help people save money as the money is in a tax free account.

Explanation:

When people put their money in bank accounts, certain tax or fee is deducted from their money. But when people make use of the tax advantaged medical saving account, and put their money in that account to be used by them for their medical treatment, then no money or tax is being deducted from their health saving account.

So Health Saving accounts help people in a way that their money saved for medical treatment is not taxed by the banks.

Learn more about Health Saving Account at:

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Blizzard [7]3 years ago

7 0

The answer on Edgenuity is D. The money is in a tax-free account.

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