What Is the Amount of the Deductible HSA for Each

question 90

Essay

What is the amount of the deductible HSA for each of the following taxpayers?
a. Amelia and Albert, both age 43, have a qualifying high-deductible insurance plan. They contribute $5,700 to a family HSA.
b. Betsy, who is single, 72 years old and covered by Medicare, wants to contribute the maximum amount to an HSA.
c. Carlo has health insurance through his employer which has low deductible amounts. He is 34 years old and is married. Carlo wants to contribute the maximum to an HSA.
d. Diane is 57 years old. She has a qualifying high-deductible insurance plan. She has contributed $4,300 to her HSA.

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Definitions:

Family-Focused Therapy

A therapeutic approach that involves family members in treatment sessions to improve communication, problem-solving, and coping mechanisms within the family unit.

Bipolar Disorder

A mental disorder characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Communication Skills

The ability to convey or exchange information effectively through verbal, non-verbal, written, and visual means.

Attempt Suicide

The act of trying to take one’s own life intentionally but not resulting in death.