Certified Financial Consultant (CFC) Practice Exam 2025 - Free CFC Practice Questions and Study Guide.

The correct answer is that the maximum percentage that can be contributed to a Medical Savings Account (MSA) for those with family coverage is 75%. This means that individuals covered under a family plan can contribute up to 75% of the maximum allowable annual contribution limits set by the federal government.

Medical Savings Accounts were designed to help individuals save for medical expenses while also giving them tax benefits. The contribution limits are determined based on whether the individual has self-only or family coverage; in the case of family coverage, significantly larger contributions are permitted compared to self-only coverage.

Understanding the rationale behind this limit is crucial. Allowing a higher contribution percentage for family coverage reflects the increased medical costs associated with insuring multiple individuals under a family plan. This aim supports families in managing their healthcare expenses more effectively with the tax advantages provided through MSAs.

The other percentages presented in the question either do not meet the regulatory guidelines or do not match the practicality of family healthcare expense management.