Jada (age 53) and Elijah (age 60) are married, and both are self-employed. In 2022, they participate in a health insurance plan with a $3,000 annual deductible and an out-of-pocket maximum of $9,000. The only other health plan they have is a vision insurance plan.

Required:

a1. Are they eligible to contribute to a health savings account?

a2. If so, what is their maximum HSA contribution and deduction?

Answer rating: 100% (QA)

a1 Jada and Elijah are not eligible to contribute to a health savings acco... View the full answer