Which of the Following Statements Is True About Health Savings

question 74

Multiple Choice

Which of the following statements is true about health savings accounts (HSAs) ?

• A)There is no restriction on the kind of health insurance taxpayers must carry in order to qualify for an HSA.
• B)Contributions to HSAs are not deductible for adjusted gross income (AGI), but are treated as an itemized deduction.
• C)Individuals taking distributions from HSAs which are not for medical expenses are subject to a 50 percent penalty.
• D)Distributions from HSAs are tax and penalty free when used for qualified medical expenses.
• E)Taxpayers may take tax and penalty free distributions from HSAs to purchase automobiles after age 65.

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Definitions:

Legitimate Power

Power that is recognized as deserved or earned, often stemming from a person's position, role, or through the respect they command.

Person-Focused Leaders

Leaders who prioritize the development, well-being, and personal interests of their team members in their leadership approach.

Task-Oriented Leaders

are leaders who focus primarily on the completion of tasks and the achievement of objectives, often emphasizing efficiency and role clarity.

Participatory

Involving or allowing participation of members within a process or system, often emphasizing inclusivity and collaboration.