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

question 204

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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