HSA Exam Questions with Correct Answers 2022/2023
HSA
Health Savings Account
HSA funds
*Unused funds carry over & election can be changed/ stopped at any time
*Funds are portable
HSA reimbursements
Debit card, Pay Me or Pay My Provider reimbursments.
HSA 2016 IRS limit
$3...
HSA catch-up age is... - correct answers55 years or older
HSA requires a ______ plan... - correct answersHDHP
HSA can be funded by... - correct answersEmployee and Employer
HSA account owner... - correct answersEmployee
Health Savings Account allows employees to... - correct answerspay for current/future
medical expenses tax-free.
HSA Eligibility Requirements - correct answersMust have HSA qualified health
coverage (Deductibles of $1,300+ Single/ $2,600+ Family)
HSA Eligible Expenses - correct answersMedical, Dental, Vision, Medicare, LTC
premiums, Health insurance, Premiums (at age 65), COBRA.
Does HSA Reduce Insurance? - correct answersYes
Does HSA reduce OOP expenses? - correct answersYes
HSA Employer Tax Savings - correct answersContributions are tax deductible in the
year the contribution is made.
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