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

question 211

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.

---

Definitions:

Business Codes

A set of guidelines and ethics that govern the operations of businesses to ensure fairness, transparency, and responsibility.

"Unfair" Competition

Business practices deemed unethical or illegal that give one company an unfair advantage over competitors.

1932 Election

A pivotal U.S. presidential election in which Democrat Franklin D. Roosevelt defeated incumbent Republican Herbert Hoover, marking a profound shift in American politics towards the New Deal era.