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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Women who engage in sports or physical activities competitively or for personal fitness.

Classroom Setting

The physical or virtual environment in which educational instruction is delivered to students by teachers or professors.

Intellectual Quality

Refers to the extent to which an individual or work demonstrates depth of thought, insightfulness, and the ability to engage in critical and analytical thinking.

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