Question 77

An HSA-qualified high-deductible health plan in 2024 must have a minimum deductible of $1,600 single / $3,200 family.

For the year 2024, the minimum deductible for an HSA-qualified high-deductible health plan is set at $1,600 for individual coverage and $3,200 for family coverage.

A) $1,000 single / $2,000 family

This option is incorrect as it does not meet the minimum deductible requirements established for HSA-qualified plans in 2024. The thresholds are higher, making this option insufficient for qualification.

B) $1,600 single / $3,200 family

This option is correct as it precisely matches the minimum deductible criteria set for HSA-qualified high-deductible health plans for the year 2024, thus making it the accurate choice.

C) $2,500 single / $5,000 family

While this option exceeds the required minimum deductible amounts, it is incorrect since it is not the mandated threshold. The minimums are lower, rendering this option inapplicable.

D) $3,000 single / $6,000 family

This option is also incorrect as it exceeds the minimum deductible amounts specified for HSA-qualified plans in 2024. Similar to Option C, it does not reflect the required baseline.

Conclusion

Option B is definitively correct as it aligns with the established minimum deductible for HSA-qualified high-deductible health plans in 2024. All other options fail to meet the required thresholds, either being too low or exceeding the mandated limits. Therefore, understanding the specific deductible amounts is crucial for compliance with health savings account regulations.