Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
Which of the following tax advantages apply to HSAs?
All of the above. These are the three tax advantages that HSAs offer.
2.
A disadvantage of having a health savings account is that you must switch to a plan that is HSA-qualified, if you do not currently have such a plan.
True. HSA-qualified insurance has high deductibles as well.
3.
Health savings accounts are completely portable, meaning that you can take your HSA with you when you _______.
All of the above. You can always keep your HSA account and/or take it with you regardless of changes in your circumstances.
4.
Which of the following is a disadvantage of health savings accounts?
People who are low income might not enjoy the savings that HSAs provide. If your income is low enough that it is not taxable, then you will not get the tax savings provided by an HSA.
5.
Health savings accounts offer Americans a way to _______.
All of the above. HSAs provide all these opportunities for Americans.