Persons who have a high-deductible health plan can make tax-sheltered deposits into an investment account called a _______ from which they can pay medical expenses.

Question

Quizplus · Accepted Answer

The investment account that allows tax-sheltered deposits for medical expenses for individuals with high-deductible health plans is called a health savings account (HSA). Option A (individual health account) is not a commonly used term and may refer to a general health insurance policy. Option C (tax-sheltered annuity) is a retirement savings account for certain types of employees, and option D (itemized deduction plan) does not refer to any specific account or program related to healthcare expenses.

Persons Who Have a High-Deductible Health Plan Can Make Tax-Sheltered