Health Savings Accounts must be combined with a high-deductible health insurance policy.

Question

Quizplus · Accepted Answer

Health Savings Accounts are designed to work with high-deductible health insurance policies, which require individuals to pay a certain amount out-of-pocket before insurance coverage kicks in. This allows individuals to save money on healthcare costs by contributing pre-tax dollars to their HSA, which can be used to cover their deductible and other qualified medical expenses.

Health Savings Accounts Must Be Combined with a High-Deductible Health