Which of the Following Statements is Untrue about HSA 4109?

When it comes to understanding HSA 4109, there are several key points to consider. HSA, which stands for Health Savings Account, is a valuable tool that can help individuals save money for medical expenses while enjoying tax benefits. However, not all information out there may be accurate. So, which of the following statements is untrue about HSA 4109?

Let's take a look at some common misconceptions and clarify the facts:

• HSA 4109 is only available to employees of large corporations.
• You cannot use HSA funds to pay for over-the-counter medications.
• Contributions to an HSA are not tax-deductible.
• HSA funds must be used by the end of the calendar year or they are forfeited.

Understanding HSA 4109 is essential for making informed decisions about your healthcare savings. Contrary to popular belief, health savings accounts are accessible to many individuals, not just those employed by large companies.