Which of the following statements about eligibility requirements for qualified Health Savings Accounts (HSAs) is (are) true?
I. Only individuals who are eligible for Medicare benefits can establish a qualified HSA.
II. Applicants must be covered by a high deductible health plan and not be covered by any other comprehensive health plan to establish a qualified HSA.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
You might also like to view...
Any activity which seeks to earn a profit by providing a good or service is known as a(n):
A. industry B. corporation C. business D. service
________ refer to the formal documents that must be filed at the secretary of state's office of the state of organization of an LLP (limited liability partnership) to form the LLP
A) Articles of LLP B) Agreements of conversion C) Articles of organization of LLP D) Articles of amendment of LLC (limited liability company)