Health savings accounts (HSAs) have the following characteristics, except: A. They are available to workers covered...

Health savings accounts (HSAs) have the following characteristics, except:
A. They are available to workers covered by health insurance plans with high deductibles ($1000 or more) and do not have other first-dollar insurance coverage
B. Contributions to HSAs are tax-deductible
C. Unused funds in HSAs accumulate and remain available for later out-of-pocket medical expenses
D. Only workers can contribute to HSAs; employers cannot

Solutions

Expert Solution

Health Savings account (HSAs) have the following characteristics except only workers can contribute to HSAs ; employers cannot. Hence, option(D) is correct.

Rahul Sunny answered 1 year ago

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