Asked by Tamara Javelosa on Apr 26, 2024
Verified
Which of the following is a law passed in the last 20 years relating to health care?
A) establishment of health maintenance organizations to reduce health care costs
B) establishment of deductibles and copayments in health insurance policies
C) establishment of health savings accounts (HSAs) to promote saving for routine medical expenses
D) establishment of fixed Medicare payment to hospitals based on one of several hundred diagnostic categories
Health Savings Accounts (HSAs)
Tax-free savings accounts into which people with high-deductible health insurance plans can place funds each year. Accumulated funds can be used to pay out-of-pocket medical expenses such as deductibles and copayments. Unused funds accumulate from year to year and can be used after retirement to supplement Medicare.
Medicare Payment
Payments made by the Medicare program to healthcare providers for services rendered to Medicare beneficiaries.
- Overview the historical development and significance of employer-provided healthcare in the U.S.
Verified Answer
SH
Syatti HasyyatiApr 30, 2024
Final Answer :
C
Explanation :
The establishment of Health Savings Accounts (HSAs) was facilitated by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, making it a health care-related law passed within the last 20 years. HSAs are designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis.
Learning Objectives
- Overview the historical development and significance of employer-provided healthcare in the U.S.