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1.
An HSA policy offering family coverage generally requires _______.
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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.
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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 _______.
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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?
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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?
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100%. The plan must pay 100%.
6.
"HSA-qualified" policies that cover preventive care services are allowed to _______.
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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.