Medical Savings Accounts are designed to:

Insurance

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Medical Savings Accounts are designed to:

A) enable senior citizens to create tax-favored accounts to defray unreimbursed medical expenses.

B) help uninsured individuals pay for health care expenses on a tax-favored basis.

C) help employees of small businesses and self-employed individuals pay for unreimbursed health care expenses on a tax-favored basis.

D) provide health insurance coverage to employees of small businesses and self-employed individuals.

Answer: C) help employees of small businesses and self-employed individuals pay for unreimbursed health care expenses on a tax-favored basis.

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