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.

Question

Quizplus · Accepted Answer

Statement I is false because individuals who are eligible for Medicare benefits cannot contribute to an HSA. Statement II is true as it accurately reflects the eligibility requirements for establishing a qualified HSA.

Which of the Following Statements About Eligibility Requirements for Qualified