Question

Select the correct answer below that best describes HSAs. A) HSAs are owned by the employer,...

Select the correct answer below that best describes HSAs.

A) HSAs are owned by the employer, non-used funds revert back to the employer at the end of the plan year

B) HSAs are a medical savings account available to small group employers

C) To be eligible for an HSA an employee must be enrolled in a HDHP

D) HSAs are funded by the employer, the employee may not contribute to an HSA

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Answer #1

ANSWER.

C) To be eligible for an HSA an employee must be enrolled

      in a HDHP (High deductible health plan).

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