Which of the following are true about HSA distributions?

I. HSA distributions can be used to pay the premiums for qualified long-term care insurance.

II. HSA contributions must be made by either the employee or the employer but not by both in the same tax reporting year.

III. HSA distributions not used for qualified medical expenses are subject to ordinary income tax plus a 20 percent penalty unless the individual dies, is disabled, or is 65 years of age or older.

IV. HSA distributions taken to pay qualified medical expenses are income-tax free if they do not exceed basis.

A. I, II.

B. I, III.

C. II, IV.

D. III, IV.