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1.
When a health savings account holder dies, the surviving spouse (if designated the beneficiary) may _______.
(a) and (b) only. If your spouse is designate the beneficiary of your HSA, they may use the HSA funds tax-free to pay for medical expenses and make additional contributions to the account if they are eligible.
2.
Funds in your health savings account are not taxed when you die if your surviving spouse is named the beneficiary of the account.
True. Your spouse is the only person that can receive your HSA account and funds tax-free, but only if they are named the beneficiary of your account.
3.
Health savings accounts may be established at or with _______.
All of the above. All of these organizations are authorized to open HSA accounts.
4.
Earnings on health savings account funds that are invested are _______.
Tax-free. Tax-free earnings on investments is one of the three tax advantages of HSAs.
5.
Health savings account funds may be invested in _______.
All of the above. HSA funds may be invested in all three types of investments.