Question

How does a health savings account (HSA) help people save money? A. The money grows like an investment account. B. People only have to spend half of the money that they save. C. People are able to keep the money that they save after medical bills are paid. D. The money is in a tax-free account.

Answer 1

Correct answer option is :

D) The money is in a tax-free account

Explanation:

A health savings account (HSA) is a tax-advantaged preventive economy statement available to taxpayers in the United States who are employed in a high-deductible fitness program.The funds provided to an account are not directed to central income tax at the moment of deposit. Unlike a manageable spending record, HSA funds run over and save year to year if they are not used.

Answer 2

The way in which a health savings account (HSA) helps people save money is because the money is in a tax-free account.