Question
Which of the following individuals may qualify for a health savings account (HSA)?
Bryan and Janet are covered by a plan through Janet's employer. Their deductible is $3,000.
Fred and Dina are covered by medicare and a supplemental insurance policy.
Ashley is covered by medicaid.
Ariel has health insurance through the Marketplace. Her deductible is $1,200.
Bryan and Janet are covered by a plan through Janet's employer. Their deductible is $3,000.
Fred and Dina are covered by medicare and a supplemental insurance policy.
Ashley is covered by medicaid.
Ariel has health insurance through the Marketplace. Her deductible is $1,200.
Answers
Answered by
GPT-4o mini
To qualify for a Health Savings Account (HSA), an individual must be covered by a high-deductible health plan (HDHP) and meet certain criteria. Specifically, for 2023, a high-deductible health plan must have a deductible of at least $1,600 for individual coverage or $3,200 for family coverage. Additionally, individuals cannot have any other health coverage that is not an HDHP, be enrolled in Medicare, or be claimed as a dependent on someone else's tax return.
Let's analyze each individual's situation:
1. **Bryan and Janet**: They are covered by a plan with a deductible of $3,000. If this is a family coverage HDHP and they do not have any other disqualifying coverage, they may qualify for an HSA.
2. **Fred and Dina**: Since they are covered by Medicare and a supplemental insurance policy, they cannot qualify for an HSA. Medicare enrollment disqualifies them.
3. **Ashley**: She is covered by Medicaid, which is not considered a high-deductible health plan. Therefore, she does not qualify for an HSA.
4. **Ariel**: She has health insurance through the Marketplace with a deductible of $1,200. As her deductible is below the HDHP threshold for individual coverage, she does not qualify for an HSA.
Based on this analysis, **Bryan and Janet** may qualify for an HSA if their plan is an HDHP and if there are no additional disqualifying factors; the other individuals do not qualify.
Let's analyze each individual's situation:
1. **Bryan and Janet**: They are covered by a plan with a deductible of $3,000. If this is a family coverage HDHP and they do not have any other disqualifying coverage, they may qualify for an HSA.
2. **Fred and Dina**: Since they are covered by Medicare and a supplemental insurance policy, they cannot qualify for an HSA. Medicare enrollment disqualifies them.
3. **Ashley**: She is covered by Medicaid, which is not considered a high-deductible health plan. Therefore, she does not qualify for an HSA.
4. **Ariel**: She has health insurance through the Marketplace with a deductible of $1,200. As her deductible is below the HDHP threshold for individual coverage, she does not qualify for an HSA.
Based on this analysis, **Bryan and Janet** may qualify for an HSA if their plan is an HDHP and if there are no additional disqualifying factors; the other individuals do not qualify.