Liam was covered under a personal HDHP and had set up an HSA, which currently holds $3,000. He drops his

Liam was covered under a personal HDHP and had set up an HSA, which currently holds $3,000. He drops his

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Liam was covered under a personal HDHP and had set up an HSA, which currently holds $3,000. He drops his HDHP coverage and enrolls in his employer’s group medical expense plan. What does this mean for Liam? a. He can continue to hold his HSA, take withdrawals, and make contributions to it.b. He can continue to hold his HSA and take withdrawals, but he cannot make contributions to it.c. He must forfeit his HSA funds to the account custodian.d. He has until December 31 of this year to use the funds in his HSA, or all but $500 will be forfeited. 12. For what reason would 46 -year-old

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