Which of the following is NOT a qualification for establishing a health savings account (HSA)?

The correct answer indicates that enrolling in a health plan with a prescription drug benefit is not a qualification for establishing a health savings account (HSA). To be eligible for an HSA, individuals need to meet specific criteria set by the IRS, which primarily focus on the type of health coverage they have rather than the specifics of that coverage, such as prescription drug benefits.

The qualifications for an HSA mainly revolve around having a high-deductible health plan (HDHP) and not having other health coverage that is not compatible with the HSA. The intention of the HSA is to offer tax advantages for those who are taking a high-deductible approach, encouraging consumers to save for future medical expenses. Thus, the requirement regarding prescription drug benefits is not a determining factor for HSA eligibility.

In summary, while having drug coverage may be beneficial, it does not impact whether one can open or contribute to an HSA, making it the correct choice in this context.