Which of the Following Statements Is False About Health Savings

question 100

Multiple Choice

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

• A)HSAs must be paired with qualifying high-deductible health insurance.
• B)Taxpayers qualifying for Medicare do not qualify to make HSA contributions.
• C)Distributions from HSAs which are not used for medical expenses are generally subject to a 20 percent penalty and income taxes.
• D)Distributions from HSAs which are used for qualifying medical expenses are not subject to tax or penalty.
• E)Deductible contributions to HSAs are unlimited.

---

Definitions:

Material Interference

In psychology, the effect that the presence of one set of learning material has on the ability to recall or learn another set.

Childhood Amnesia

The phenomenon where early childhood memories, typically before the age of 3 to 4, are not retained into adulthood.

Recall Events

The process of retrieving information about past events or experiences from one's memory.

Age Two

A stage in human development that typically refers to a child who is two years old, where significant milestones in physical, cognitive, and language development occur.