S

$59$:$05$

Time Remaining

$$

$46$

Multiple Choice

$2$ points

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

HSA funds can be invested.

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

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

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.