Author Question: Which of the following statements is (are) true concerning high deductible health plans? I. An ... (Read 118 times)

savannahhooper · **on:** Jul 11, 2018

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 arrangement to pay covered medical costs.
II. There is a cap on an employee's out-of-pocket expenses under the plan.
A) I only
B) II only
C) both I and II
D) neither I nor II

Question 2

Which of the following statements about cafeteria plans is (are) true?

I. Unspent flexible spending account balances are refunded to the employee, tax-free, at year-end.
II. Cafeteria plans enable employees to select benefits that meet their specific needs.
A) I only
B) II only
C) both I and II
D) neither I nor II