instructions: select the most appropriate response.\nwhich of these is a tax - deferred account used for…

instructions: select the most appropriate response.\nwhich of these is a tax - deferred account used for qualified health care expenses in which unused funds roll over from year to year?\n a. cscp\n b. hsa\n c. fsa\n d. hcra

instructions: select the most appropriate response.\nwhich of these is a tax - deferred account used for qualified health care expenses in which unused funds roll over from year to year?\n a. cscp\n b. hsa\n c. fsa\n d. hcra

Answer

Brief Explanations:

  • CSCP: It is related to supply chain professional certification, not a tax - deferred health account.
  • FSA (Flexible Spending Account): Typically, funds do not roll over (unless under certain limited exceptions like a grace period in some cases, but not a general year - to - year rollover).
  • HSA (Health Savings Account): It is a tax - deferred account for qualified health care expenses. Unused funds in an HSA can roll over from year to year.
  • HCRA: This is not a standard widely - known tax - deferred health account in common financial terminology.

Answer:

b. HSA