What is the purpose of hsa accounts?

Answer In 2003, President Bush signed into law the Medicare Prescription Drug, Improvement and Modernization Act, allowing taxpayers to deposit tax-exempt money into Health Savings Accounts (HSAs), which ... Read More »

Top Q&A For: What is the purpose of hsa accounts

What was the purpose motivating regulators to impose interest ceilings on bank savings accounts?

In 1933, Congress passed the Banking Act to restore financial stability during the Great Depression. Regulation Q of that Act limited the interest rates banks could pay on savings accounts. Accordi... Read More »

A chart of accounts is a list of accounts that makes it possible to easily identify accounts and names?

enlisted personnel must service out their enlistment unless there is a dire cause for early release. An officer can resign from service..............

Are checking accounts insured as saving accounts are?

The Federal Deposit Insurance Corporation (FDIC) insures all bank checking and savings accounts up to $250,000. However, the coverage amount is subject to change in January 2014, according to the F... Read More »

Do escrow accounts need to be in savings accounts?

Escrow accounts are held by third parties and are designed for savings so that bills, such as taxes for mortgages, can be paid, according to Lenders determine whether or not borrowers mus... Read More »