A Characteristic of a Health Savings Account That Distinguishes It

question 40

Multiple Choice

A characteristic of a health savings account that distinguishes it from other types of health care coverage is that it

• A) is not tax-deferred.
• B) allows people to save money for medical expenses in a tax-deferred account.
• C) covers only emergency procedures.
• D) provides unlimited access to routine medical services (such as office visits) and minor medical tests and procedures (such as blood tests and X-rays) at no cost.

---

Definitions:

Tax Imposed

A financial charge or levy placed by a government on individuals, transactions, or properties to raise revenue.

Grapefruit

A large, yellowish citrus fruit with a somewhat bitter and sour taste.

Civic Authorities

Government officials or bodies responsible for the governance and administration of a specific locality or city.

Long-run Supply Function

A relationship that shows how the quantity supplied of a good changes over time as all production factors and costs can be varied.