Exam (elaborations)
HSA (Health Savings Account) Questions and Answers 100% correct 2024
- Course
- Institution
HSA (Health Savings Account)
[Show more]
Seller
Follow
julianah420
Reviews received
Content preview
HSA (Health Savings Account)HSA - answer Health Savings Account
HSA funds - answer *Unused funds carry over & election can be changed/ stopped
at any time
*Funds are portable
HSA reimbursements - answer Debit card, Pay Me or Pay My Provider
reimbursments.
HSA 2016 IRS limit - answer $3,350 Individual
$6,750 Family
HSA 2017 IRS Individual limit - answer $3,400
HSA catch-up - answer $1000
HSA catch-up age is... - answer 55 years or older
HSA requires a ______ plan... - answer HDHP
HSA can be funded by... - answer Employee and Employer
HSA account owner... - answer Employee
Health Savings Account allows employees to... - answer pay for current/future
medical expenses tax-free.
HSA Eligibility Requirements - answer Must have HSA qualified health coverage
(Deductibles of $1,300+ Single/ $2,600+ Family)
HSA Eligible Expenses - answer Medical, Dental, Vision, Medicare, LTC premiums,
Health insurance, Premiums (at age 65), COBRA.
Does HSA Reduce Insurance? - answer Yes
Does HSA reduce OOP expenses? - answer Yes
HSA Employer Tax Savings - answer Contributions are tax deductible in the year the
contribution is made.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83662 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now