All of the following are true regarding Health Savings Accounts except ...

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Finance

  1. All of the following are true regarding Health Savings Accounts except

  1. they allow individuals to pay for current health care expenses on a tax-free basis.
  2. they allow individuals to save for future health care expenses on a tax-free basis.
  3. balances in HSAs earn interest before they are spent.
  4. unspent HSA funds are lost as the end of the year.

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