Question
Jada (age 53) and Elijah (age 60) are married, and both are self-employed. In 2023, they participate in a health insurance plan with a $3,000
Jada (age 53) and Elijah (age 60) are married, and both are self-employed. In 2023, they participate in a health insurance plan with a $3,000 annual deductible and out-of-pocket maximum of $9,000. The only other health plan they have is a vision insurance plan.
a1. Are they eligible to contribute to a health savings account?
a2. If they can contribute to an HSA what is their maximum contribution and deduction?
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a1 Yes Jada and Elijah are eligible to contribute to a Health Savings Account HSA because they are e...Get Instant Access to Expert-Tailored Solutions
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
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