Which of the Following Statements Is (Are)true Concerning High Deductible

question 21

Multiple Choice

Which of the following statements is (are) true concerning high deductible health plans?
I.An employee can withdraw money tax-free from a health savings account or health reimbursement arrangement to pay covered medical costs.
II.There is a cap on an employee's out-of-pocket expenses under the plan.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Leisure

Free time available to a person for relaxation, entertainment, or hobbies, not taken up by work or essential domestic activities.

Marginal Utility

The additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.

Total Utility

The complete satisfaction or pleasure a consumer obtains from consuming a given quantity of goods or services.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, reflecting their preferences for certain combinations of goods.