CPB Certified Professional Biller Certification Practice Exam

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What is the full term for the abbreviation HSSA?

  1. Health Savings Security Account

  2. Health Standard Savings Account

  3. Health Service Security Account

  4. Health Savings Support Account

The correct answer is: Health Savings Security Account

The correct answer is the term "Health Savings Security Account." This term is used in the context of financial plans that allow individuals to save money specifically for medical expenses while offering tax advantages. Health Savings Accounts (HSAs), for example, are designed to enable individuals to set aside money pre-tax, which can then be used for qualified health expenses, promoting savings and financial security for healthcare needs. The other options do not reflect commonly recognized financial products or accounts associated with health savings, which comprises a significant aspect of personal finance in healthcare planning. The clarity and specificity of the correct term convey the intended purpose of the account as it relates to health-related savings and security.

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