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In Business / College | 2025-07-07

What are the tax-free savings accounts that individuals with high-deductible health insurance plans can contribute to annually called?
A. HMOS
B. HSAS
C. DRGS
D. PPOS

Asked by calebmackattack

Answer (2)

Individuals with high-deductible health insurance plans can contribute to Health Savings Accounts (HSAs), which offer tax-free advantages for saving for medical expenses. These accounts allow tax-deductible contributions, tax-free withdrawals for eligible expenses, and rollover of unused funds. HSAs are an effective way to manage healthcare costs while benefiting from tax incentives. ;

Answered by GinnyAnswer | 2025-07-08

The correct answer is B. HSAs, or Health Savings Accounts, are tax-free savings accounts that individuals with high-deductible health insurance plans can contribute to annually. HSAs provide tax benefits while saving for medical expenses and allow fund rollover from year to year.
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Answered by Anonymous | 2025-07-25

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