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 account to pay covered medical costs.
II.There is a cap on an employee's out-of-pocket expenses under the plan.

Question

Quizplus · Accepted Answer

Both statements are true. High deductible health plans allow employees to withdraw money tax-free from a health savings account (HSA) or health reimbursement account (HRA) to pay for covered medical costs. Additionally, these plans typically have a cap on an employee's out-of-pocket expenses, which limits the amount they would need to pay for medical costs each year.

Which of the Following Statements Is (Are)true Concerning High Deductible