Florida Life and Health Insurance License Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your certification exam with ease!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of these options can an individual use their medical flexible spending account to pay for?

  1. Gym memberships

  2. Cosmetic surgery

  3. Prescription drugs

  4. Over-the-counter vitamins

The correct answer is: Prescription drugs

A medical flexible spending account (FSA) is a type of benefit that allows individuals to set aside pre-tax dollars from their salary for certain eligible medical expenses. Option A, gym memberships, is incorrect because it is not considered a medical expense under the IRS rules. Option B, cosmetic surgery, is also incorrect because it is typically not considered a necessary medical procedure. Option D, over-the-counter vitamins, are generally not eligible unless they are prescribed by a doctor. Therefore, the correct option is C, prescription drugs, because they are typically considered eligible expenses for FSA reimbursement.

More Questions Like This