Question

Health Care Flexible Spending Arrangements can only reimburse medical expenses during the:

A. Prior quarter
B. Prior month
C. Current month
D. Coverage period

Answer 1

A Health Care Flexible Spending Arrangement (FSA) can only reimburse medical expenses during the coverage period.

Correct option is D.

Step-by-step explanation:

A Health Care Flexible Spending Arrangement (FSA) can only reimburse medical expenses during the coverage period.

A Health Care FSA is a type of account that allows individuals to set aside pre-tax money to pay for eligible medical expenses. The coverage period refers to the time frame during which the FSA contributions are available for reimbursement.

For example, if the coverage period is the calendar year, then the FSA can only reimburse medical expenses that were incurred within that year.