Which of the Following Statements Is FALSE About Health Savings

question 31

Multiple Choice

Which of the following statements is FALSE about Health Savings Accounts?

• A) HSAs require participants to "use it or lose it" in that unused funds cannot be rolled over to the next year.
• B) Individual employees can set aside pre-tax dollars for medical care thus reducing the cost of healthcare by their tax rate.
• C) Both employers and employees can make contributions to HSAs.
• D) HSAs have high annual deductibles which must be paid by the employee participants..

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Definitions:

James Coleman

An influential American sociologist known for his work on educational sociology and social theory.

Contemporary Exchange

Modern-day transactions or interactions, which can be economic, social, or cultural, reflecting current practices and values.

Rational Choice Theories

Rational choice theories are based on the premise that individuals make decisions by calculating the costs and benefits of various actions to maximize their personal advantage.

Coterminous

means sharing the same boundaries or extent in space, time, or meaning.