Jada (age 53) and Elijah (age 60) are married, and both are self-employed. In 2023, they participate
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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?
Related Book For
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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