Which is true of a flexible spending account but not a health savings account?(1 point)

Question

Responses

If you change jobs, you keep the account and all the money in it.
If you change jobs, you keep the account and all the money in it.

You can use it to pay for doctor visits.
You can use it to pay for doctor visits.

You can get one only if you have a health insurance plan with a high deductible.
You can get one only if you have a health insurance plan with a high deductible.

If you don’t spend it within a certain period of time, part or all of it reverts to your employer.

Answer 1

The statement that is true of a flexible spending account (FSA) but not a health savings account (HSA) is:

If you don’t spend it within a certain period of time, part or all of it reverts to your employer.

FSAs typically have a "use it or lose it" policy, meaning that funds not used within the plan year (or a grace period, if applicable) may be forfeited, while HSAs allow the account holder to keep the funds indefinitely.