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:

Industry Curve

A graphical representation showing how the average costs of production change as the total output of an industry changes.

Private Bargaining

The process of negotiating terms directly between parties without external intervention.

Externality

An outcome from economic behavior that impacts individuals not directly involved, which may be beneficial or harmful.

Initial Assignment

The initial distribution or allocation of tasks, responsibilities, or resources at the start of a project or process.