Final answer:
The statement is false; the correct term for a consumer-controlled account offered by employers for healthcare costs with pre-tax dollars is a Health Savings Account (HSA) or Flexible Spending Account (FSA), not a Point-of-Service plan (POS).
Step-by-step explanation:
The statement is false. A consumer-controlled account that is usually offered through employers and uses pre-tax dollars to cover approved health care costs is more accurately described as a Health Savings Account (HSA) or a Flexible Spending Account (FSA), not a Point-of-Service plan (POS). A POS plan is a type of managed care health insurance system that combines characteristics of both HMO (Health Maintenance Organization) and PPO (Preferred Provider Organization) plans.
Employers often offer options like HSAs or FSAs alongside traditional health insurance plans to help consumers manage out-of-pocket health care expenses. These accounts have tax advantages and allow individuals to contribute pre-tax income to cover qualified medical expenses.