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1.
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.
2.
When compared to traditional insurance plans, "HSA-qualified" plans generally have _______.
Lower premiums but higher deductibles.
3.
When an individual or family reaches the limit on out-of-pocket expenses under their HSA-qualified policy, the policy must pay _______.
(b) and (c).
4.
"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.
5.
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.
6.
HSA-qualified health policies differ from traditional health policies in that prescription drug expenses covered by the plan must be applied toward the plan deductible.