All of the following are qualifications for establishing a health savings account (HAS) Except

• A. Must be enrolled in a high-deductible health plan
• B. Enrolled in a health plan with prescription drug benefits
• C. Not enrolled in Medicare
• D. Not claimed as a dependent on another's tax return

Answer: (B)

The key idea is that eligibility to contribute to an HSA centers on being covered by a qualified high-deductible health plan and not having certain disqualifying statuses, rather than on whether the plan includes prescription drug benefits. To establish an HSA, you must be enrolled in a qualified HDHP, you must not be enrolled in Medicare, and you must not be claimed as a dependent on someone else’s tax return. Prescription drug coverage can be part of a qualifying HDHP and does not by itself disqualify you from contributing to an HSA, so having prescription drug benefits is not a requirement for eligibility. That’s why the statement about prescription drug benefits is the one that isn’t a qualification for establishing an HSA.