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Author Question: All of the following statements about the tax treatment of Health Savings Accounts (HSAs) are true ... (Read 77 times)

soccerdreamer_17

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on: Jul 11, 2018
All of the following statements about the tax treatment of Health Savings Accounts (HSAs) are true EXCEPT
 
  A) Contributions to a qualified HSA are tax deductible.
  B) Distributions from a qualified HSA used to fund medical expenses are taxable income.
  C) Investment income in a qualified HSA accumulates income tax free.
  D) Distributions from a qualified HSA prior to age 65 for nonmedical purposes are subject to a 10 percent penalty tax.

Question 2

The Affordable Care Act requires all new medical expense plans to provide a comprehensive set of coverages and services. This comprehensive set of coverages and services that must be provided are called
 
  A) essential health benefits.
  B) dread disease benefits.
  C) long-term care benefits.
  D) respite care benefits.


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sierrahalpin

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A


soccerdreamer_17

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Reply 2 on: Jul 11, 2018
Excellent

helenmarkerine

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Reply 3 on: Yesterday
:D TYSM

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