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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.
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.
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.
4.
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.
5.
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%.
6.
"HSA-qualified" policies that cover preventive care services are allowed to _______.
None of the above. HSA-qualified policies cannot apply the deductible or charge co-pays for preventive services, or limit the amount of covered preventive services.