Health Savings Accounts (HSAs), Implemented by the 2003 Medicare Law

question 211

Multiple Choice

Health savings accounts (HSAs) , implemented by the 2003 Medicare law,

• A) are only available to those enrolled in Medicare.
• B) allow workers to accumulate untaxed dollars for payment of qualified medical expenses.
• C) are criticized because they require workers to "use it or lose it" each year; workers are not allowed to accumulate balances over time.
• D) can only be used to pay for prescription drugs.

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Definitions:

Autonomous Morality

A stage in moral development where individuals understand that rules and laws are flexible, based on mutual consent and negotiation.

Moral Development

The process through which individuals evolve in their understanding of what is right and wrong, often influenced by cultural, situational, and cognitive factors.

Piaget

A Swiss psychologist, Jean Piaget, known for his theory of cognitive development that describes how children develop intellectual abilities.

Long-Term Memory

The component of memory capable of storing large amounts of information for long periods, often the entire lifetime.