Several times during the course, we discussed the benefit of opting for a high deductible health savings plan with a health savings account, particularly when you are young and in good health. All but one of the following statements regarding the health savings account is true. Which of the following four statements is INCORRECT? contributions to the HSA (subject to annual maximums) are eligible as an above-the-line deduction on the income tax statement the HSA is portable should you leave the original employer (i.e., you can take the account with you when you change jobs) earnings within an HSA can be withdrawn tax-free, if used for qualified medical expenses eligibility to make HSA contributions will phase-out based on the amount of annual income (i.e., AGI phase-out)