SIE Exam Question 685: Answer and Explanation

Question: 685

A health savings account (HSA) allows the account holder to set aside money on a/an __________ basis to pay for __________ medical expenses.

• A. after-tax, qualified
• B. after-tax, unqualified
• C. pre-tax, qualified
• D. pre-tax, unqualified

Correct Answer: C

Explanation:

A health savings account (HSA) allows the account holder to set aside money on a pre-tax basis to pay for qualified medical expenses.