Health Savings Accounts may not be used as pre-tax deductions for which type of costs?
A) Child medical expenses
B) Gasoline expenses
C) Long-term care expenses
D) Prescription expenses

Question

Quizplus · Accepted Answer

Health Savings Accounts (HSAs) can only be used as pre-tax deductions for eligible medical expenses. Gasoline expenses do not qualify as an eligible medical expense. Child medical expenses, long-term care expenses, and prescription expenses do qualify as eligible medical expenses.

Health Savings Accounts May Not Be Used as Pre-Tax Deductions