Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 22 - Health Care - Discussion Questions - Page 510: 14


The answer is below.

Work Step by Step

Health savings accounts are accounts that people can put money into before the year starts for just medical purposes. The benefit is that this money is not taxed, but the problem is that the money that is not spent is taken away at the end of the year. (A small amount is allowed to be carried over for the next year.)
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.