Question

To be eligible to fund a Health Savings Account (HSA), a taxpayer must meet which of the following criteria:

a. An employee (or spouse) who works for an employer with a high deductible health plan.

b. An uninsured employee who has purchased a high-deductible health plan on his or her own .

c. A self-employed individual.

d. Any of the above.

Answer 1

To be eligible to fund an HSA, a taxpayer must be covered under a qualifying high deductible health plan, which includes being an employee with such a plan, an uninsured employee or a self-employed individual purchasing their own plan, making all options given correct. the correct answer to the question is d. Any of the above

Step-by-step explanation:

To be eligible to fund a Health Savings Account (HSA), a taxpayer must meet certain criteria. These include being:

• An employee (or spouse) who works for an employer with a high deductible health plan.
• An uninsured employee who has purchased a high-deductible health plan on his or her own.
• A self-employed individual with a high deductible health plan.

Therefore, the correct answer to the question is d. Any of the above.

Eligibility for an HSA is not limited to those with employer-provided insurance but is also available to those who are self-employed or otherwise purchase a high-deductible health plan privately. The key requirement for HSA eligibility is being enrolled in a qualifying high-deductible health plan, which is essential to take advantage of the tax-advantaged savings that an HSA provides for healthcare expenses.