This topic contains a solution. Click here to go to the answer

Author Question: All of the following statements about the tax treatment of Health Savings Accounts (HSAs) are true ... (Read 69 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A




soccerdreamer_17

  • Member
  • Posts: 552
Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)


carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

For a complete list of videos, visit our video library