Which of the following statements about health savings accounts (HSAs) is true?
A) There are no limits to annual contributions that an individual may make to his or her HSA.
B) Once an individual has reached age 65 or is covered by Medicare, no additional contributions to the HSA may be made.
C) The health insurance plan covering the HSA account beneficiary is not permitted to use a deductible.
D) HSAs offer no tax benefits for the individual who establishes the account.
Question 2
The Affordable Care Act has a provision that expands a public assistance program designed to make health coverage available to low-income individuals by increasing the maximum amount of income that can be earned and still qualify for benefits.
As a result, millions of individuals are eligible for coverage under this program. This public assistance program is called
A) Medicare.
B) Health Maintenance Organization.
C) Health Insurance Marketplace Exchange.
D) Medicaid.
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