Anna Contributes Pretax Dollars to an Account Managed by Her

question 93

Multiple Choice

Anna contributes pretax dollars to an account managed by her employer for her health care expenses. If she does not spend all of her money by the end of the year, she may forfeit it. What kind of plan does she have?

• A) FSA
• B) HRA
• C) Medicaid
• D) Medicare
• E) Self-funded health plan

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Definitions:

Clean-up Cost Liability

The legal responsibility for the expenses associated with the removal and remediation of environmental pollution.

Bubble Concept

A business or economic idea that suggests a potentially unrealistically high valuation of an asset or business sector, which may lead to a burst or sudden decline.

Emissions

The release of pollutants or greenhouse gases into the atmosphere from various sources like industrial activities, vehicles, and natural events.

Superfund Clean-up Costs

Expenses associated with the cleanup of contaminated sites under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), often referred to as "Superfund."