What Is the Amount of the Deductible HSA for Each

question 63

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 $5,350 to her HSA.

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Definitions:

Noam Chomsky

An American linguist, philosopher, cognitive scientist, historian, social critic, and political activist known for his theory of generative grammar and criticism of behaviorism.

Ironic Statements

Expressions that usually mean the opposite of what they say, often used for humorous or emphatic effect.

Sarcastic Statements

Sarcastic statements are remarks made with the intent to mock or convey contempt, often through verbal irony or saying the opposite of what one means.

Problem Solving

A cognitive process that involves identifying, analyzing, and resolving issues or obstacles to achieve a goal.