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1.
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.
2.
HSA-qualified health insurance policies offering family coverage usually apply the deductible to _______.
The entire family. These policies apply to the whole family; however, it is possible for any one person to meet the deductible on his or her own.
3.
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.
True. This is one difference.
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.
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" 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.