Consumer-directed benefit plans can include accounts that exhibit differences in their tax status, portability (in the event you leave your job), and benefit carryover from year-to-year. To better compare the differences between health reimbursement accounts (HRAS), health savings accounts (HSAs), and flexible savings accounts (FSAs), complete the following table by indicating the attributes of each type of account. Check all that apply. Characteristic Unspent account balances can be carried over from year to year Account balances are funded only by the employer If you leave your employer, the funds remain with the employer. An employee pays taxes on account balances FSA 0 HRA 0 HSA 0

Consumer-directed benefit plans can include accounts that exhibit differences in their tax status, portability (in the event you leave your job), and benefit carryover from year-to-year. To better compare the differences between health reimbursement accounts (HRAS), health savings accounts (HSAs), and flexible savings accounts (FSAs), complete the following table by indicating the attributes of each type of account. Check all that apply. Characteristic Unspent account balances can be carried over from year to year Account balances are funded only by the employer If you leave your employer, the funds remain with the employer. An employee pays taxes on account balances FSA 0 HRA 0 HSA 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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