Question $22(2\mathrm{.}5$ points$)$

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All of the following are true regarding Health Savings Accounts $($HSAs$)$ EXCEPT:

HSA funds can be invested.

If an employer makes contributions to an HSA on behalf of an employee, the employer contributions are included in the taxable income of the employee.

$12$

$15$

Contributions made to the HSA by the plan participant are tax$-$deductible as an adjustment to gross income $($above$-$the$-$line$).$

To be eligible to make HSA contributions, an individual must be covered by a high deductible health insurance plan.