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1.
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.
2.
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.
3.
After you or your family has reached the out-of-pocket limit with your HSA-qualified health insurance plan, how much of the covered benefits must the plan pay for the rest of the year?
100%. The plan must pay 100%.
4.
When compared to traditional insurance plans, "HSA-qualified" plans generally have _______.
Lower premiums but higher deductibles.
5.
In order for a health insurance policy to qualify for a health savings account, its deductible must meet a certain minimum threshold.
True. This threshold typically rises each year, but you must meet it in order to qualify.
6.
"HSA-qualified" policies must cover preventive care services.
True. All health insurance policies must now cover preventive care services, as defined by the federal government.