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

Answer: C

Business

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In the United States the level of savings is about

A) 50% of income earned. B) 25% of income earned. C) 4.5% of income earned. D) less than 1% of income earned.

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