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1.
An HSA policy offering family coverage generally requires _______.
The family as a whole to meet the deductible before coverage kicks in. Policies of this nature apply the deductible to the entire family.
2.
You may be eligible for a health savings account if you have which of the following?
Any policy that meets the requirements for an "HSA-qualified" insurance plan. It does not matter what kind of policy it is if it meets the HSA requirements.
3.
HSA-qualified health insurance policies are subject to the same insurance laws and regulations as other policies.
True. The same benefit mandates, premium regulations, and consumer protections prescribed by each state (and the federal government) apply to HSA-qualified policies.
4.
"HSA-qualified" policies that cover preventive care services are not allowed to charge co-pays for preventive services.
True. All policies are prohibited from charging co-pays for preventive services they are required to cover under federal regulations.
5.
HSA-qualified health policies differ from traditional health policies because _______.
Prescription drug expenses covered by the plan must be applied towards the plan deductible. This is one of the biggest differences between HSA-qualified plans and traditional insurance plans.
6.
Which of the following out-of-pocket expenses must be applied toward the out-of-pocket limit under HSA-qualified plans?
All of the above. HSA-qualified policies must apply all out-of-pocket expenses for covered benefits under the plan.