Indemnity Insurance
What year was indemnity insurance most popular?
What is the 1970's?
Under which presidency was HSA linked to high deductible health insurance plans and became a law in 2004?
Who is George W. Bush?
The HRA was acknowledged by the IRS in ____?
What is the year 2002?
Under the FSA, at the end of year, what happens to the unused funds?
What is forfeited?
This type of insurance lets you choose any doctor or hospital, but it tends to be more expensive and isn’t affordable for everyone.
What is Indemnity Insurance?
What is medical malpractice insurance and professional liability insurance?
Other: errors and omissions insurance
HSA is eligible for people are not enrolled in ________?
What is enrolled in Medicare?
Who can benefit from companies offering HRAs?
What is employee(s) and their dependents?
What act was FSA established under?
What is the Revenue Act of 1978?
These accounts help employees save on taxes for routine care but require spending all funds within a year, making them somewhat limiting.
What is an FSA (Flexible Spending Account)?
What doctor or hospital can you choose under indemnity insurance?
What is any doctor or hospital; very flexible?
How many people are enrolled in HSA?
What is 32 million?
What determines the out-of-pocket cost of care under HRA insurance?
What is based on employer funding?
The FSA allows employees to set aside ____ ______ to cover qualified medical expenses?
What is pre-tax money?
These accounts often come with high deductible health plans, which means more out-of-pocket costs and sometimes delayed care.
What is an HSA (Health Savings Account)?
Why did indemnity insurance become less popular?
What is not cost effective?
HSA encourages ____ spending but may lead to people skipping preventative care.
What is careful spending?
HRA aligns with _______ reforms.
What is competition reforms?
Rush to spend funds puts a strain on who at the end of the year?
What is healthcare providers?
Employers set aside money in these accounts to help employees cover medical expenses, but the amount of access depends on the employer’s contribution.
What is an HRA (Health Reimbursement Arrangement)?