Which of the following statements regarding the taxation of health savings accounts (HSAs) is (are) true? (Check all that apply.) Contributions to HSAs are tax-deductible (up to specified limits) but only if you itemize deductions on your tax return. The only time that you must pay a penalty for withdrawing funds from your HSA is if the withdrawal is made prior to age 65 and the funds are not used to pay qualified medical expenses. Funds withdrawn from the HSA prior to age 65 are subject to taxation, even if used to pay qualified medical expenses. If you take money out of your HSA to pay qualified medical expenses, you only pay income tax on the portion of the withdrawal that comes from investment earnings. Investment earnings on the funds in your HSA accumulate income tax free. Which of the following characteristics of a "noncancellable" policy distinguishes it (i.e., makes it different) from a "guaranteed renewable" policy? a noncancellable policy can be renewed at the option of the insured, without evidence of insurability a noncancellable policy is less expensive that a guaranteed renewable policy (other things being equal) a noncancellable policy cannot change the premiums or rate structure specified in the policy when it is renewed O a noncancellable policy cannot be cancelled during the policy term