An Advantage of a Health Savings Account Is That If

question 14

Multiple Choice

An advantage of a health savings account is that if there are funds remaining in the account at the end of the year:

• A) the money goes back to the employer,helping the employer contain costs
• B) the money is forfeited
• C) the money belongs to the employee
• D) the money can be withdrawn and placed in the employees retirement account

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Definitions:

Medicare

A federal health insurance program in the USA for people aged 65 or older, certain younger people with disabilities, and individuals with End-Stage Renal Disease.

Private Insurance

Insurance provided by private entities as opposed to government-run programs, offering protection against various risks like health issues, property damage, or liability in exchange for premiums.

Medical Treatment

Involves the management and care of a patient to combat disease, disorder, or injury.

Health Care Providers

Individuals or organizations that offer medical services, including doctors, nurses, clinics, and hospitals, to patients in need.