(Answered) Question 1 health savings accounts hsas enable individuals

Accounting

Question: 1. Health Savings Accounts (HSAs) enable individuals to accumulate funds on a tax-free basis to pay qualified medical expenses. HSAs are only available to eligible individuals. An eligible individual is anyone except an individual

A. who is covered by any other health plan that is not an high-deductible health plan.

B. who is not entitled to benefits under Medicare.

C. who is covered by a high-deductible health plan.

D. who may not be claimed as a dependent on another person's tax return.

2. One of the two conditions that must be met related to the deductibility of moving expenses for a self-employed individual is a 78-week minimum work period during the first two years following the move. At least 39 of the 78 weeks must be in the first 12-month period.

True

False

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