FBA Foundations 101 Quiz

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This quiz goes over Foundations 101

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Teri Training

United States

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FBA Foundations 101 Quiz


FBA Foundations 101 QuizVersion en ligne This quiz goes over Foundations 101 par Teri Training 1 THIS TYPE OF FSA ALLOWS EMPLOYEES TO USE PRE-TAX DOLLARS FOR QUALIFIED DENTAL & VISION EXPENSES a Lifestyle b LMN c Limited d List 2 IN ORDER TO QUALIFY FOR AN HSA, A PARTICIPANT MUST BE ENROLLED IN THIS TYPE OF HEALTH INSURANCE PLAN a HDHP b PPO c A GOOD ONE d HMO 3 THE MONTHLY RATE A PERSON PAYS FOR THEIR HEALTH INSURANCE IS KNOWN AS THIS TERM a Copay b Coinsurance c Deductible d Premium 4 THIS IRS SECTION OF CODE IS ALSO REFERRED TO AS “CAFETERIA PLANS” a Section 132 b Section 125 c Section 100 d Section 626 5 PARTICIPANTS OVER THE AGE OF 55 CAN CONTRIBUTE AN ADDITIONAL _____ ANNUALLY TO THEIR HSA a 1000 b 5000 c 500 d 100 6 THE ENTIRE FSA BALANCE IS AVAILABLE FOR USE ON THE ____ DAY OF THE PLAN YEAR a 15th b Last c 1st d anytime 7 THIS IS THE TERM FOR THE AMOUNT A PARTICIPANT MUST PAY OUT OF POCKET BEFORE THE INSURANCE COMPANY PAYS ITS SHARE a Deductible b Copay c Coinsurance d Premium 8 THIS U.S. ACT OF CONGRESS DICTATES STRICT POLICY REGARDING A PERSON’S HEALTH INFORMATION a Health Insurance Portability & Account Act/HIPAA b Health Insurance Probability & Accountability Act/HIPAA c Help Insurance Portability & Accountability Act/HIPAA d Health Insurance Portability & Accountability Act/HIPAA 9 A PERSON IS INELIGIBLE FOR AN HSA IF THEY CAN BE CLAIMED AS A _____ ON ANOTHER PERSON’S TAX RETURN a Dependent b Kiddo c Problem d Person 10 THESE PLANS ALLOW EMPLOYEES TO SET ASIDE UP TO $300 PER MONTH ON A PRE-TAX BASIS PER IRS SECTION 132 a Tuition b Transportation c Lifestyle d Dependent Care 11 THIS TERM REFERS TO A FIXED DOLLAR AMOUNT A PARTICIPANT PAYS FOR CERTAIN TYPES OF CARE a Premium b Deductible c Copay d Coinsurance 12 THIS RULE STATES THE MAXIMUM AMOUNT OF REIMBURSEMENT MUST BE AVAILABLE AT ALL TIMES DURING THE PLAN YEAR a The Unity Coverage Rule b The Uniform Connection Rule c The Evergreen Rule d The Uniform Coverage Rule 13 UNLIKE OTHER ACCOUNT TYPES, HSA LETS YOU _____ MONEY a Keep b Invest c Get a free t.v. d A and B 14 EMPLOYERS MAY CHOOSE TO ALLOW THIS, WHICH ALLOWS PARTICIPANTS AN ADDITIONAL TIME FRAME TO INCUR EXPENSES a Runout b Grace Period c Carryover d Carryout 15 FSA UNUSED CONTRIBUTIONS ARE NOT ROLLED OVER INTO THE NEXT YEAR Choose one or more answers a True b False c True unless the employer allows a Grace Period d True unless the employer allows a Carryover

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FBA Foundations 101 Quiz

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Créé par

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FBA Foundations 101 QuizVersion en ligne

par Teri Training

THIS TYPE OF FSA ALLOWS EMPLOYEES TO USE PRE-TAX DOLLARS FOR QUALIFIED DENTAL & VISION EXPENSES

IN ORDER TO QUALIFY FOR AN HSA, A PARTICIPANT MUST BE ENROLLED IN THIS TYPE OF HEALTH INSURANCE PLAN

THE MONTHLY RATE A PERSON PAYS FOR THEIR HEALTH INSURANCE IS KNOWN AS THIS TERM

THIS IRS SECTION OF CODE IS ALSO REFERRED TO AS “CAFETERIA PLANS”

PARTICIPANTS OVER THE AGE OF 55 CAN CONTRIBUTE AN ADDITIONAL _____ ANNUALLY TO THEIR HSA

THE ENTIRE FSA BALANCE IS AVAILABLE FOR USE ON THE ____ DAY OF THE PLAN YEAR

THIS IS THE TERM FOR THE AMOUNT A PARTICIPANT MUST PAY OUT OF POCKET BEFORE THE INSURANCE COMPANY PAYS ITS SHARE

THIS U.S. ACT OF CONGRESS DICTATES STRICT POLICY REGARDING A PERSON’S HEALTH INFORMATION

A PERSON IS INELIGIBLE FOR AN HSA IF THEY CAN BE CLAIMED AS A _____ ON ANOTHER PERSON’S TAX RETURN

THESE PLANS ALLOW EMPLOYEES TO SET ASIDE UP TO $300 PER MONTH ON A PRE-TAX BASIS PER IRS SECTION 132

THIS TERM REFERS TO A FIXED DOLLAR AMOUNT A PARTICIPANT PAYS FOR CERTAIN TYPES OF CARE

THIS RULE STATES THE MAXIMUM AMOUNT OF REIMBURSEMENT MUST BE AVAILABLE AT ALL TIMES DURING THE PLAN YEAR

UNLIKE OTHER ACCOUNT TYPES, HSA LETS YOU _____ MONEY

EMPLOYERS MAY CHOOSE TO ALLOW THIS, WHICH ALLOWS PARTICIPANTS AN ADDITIONAL TIME FRAME TO INCUR EXPENSES

FSA UNUSED CONTRIBUTIONS ARE NOT ROLLED OVER INTO THE NEXT YEAR

Choose one or more answers

FBA Foundations 101 Quiz

Test

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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FBA Foundations 101 QuizVersion en ligne

par Teri Training

THIS TYPE OF FSA ALLOWS EMPLOYEES TO USE PRE-TAX DOLLARS FOR QUALIFIED DENTAL & VISION EXPENSES

IN ORDER TO QUALIFY FOR AN HSA, A PARTICIPANT MUST BE ENROLLED IN THIS TYPE OF HEALTH INSURANCE PLAN

THE MONTHLY RATE A PERSON PAYS FOR THEIR HEALTH INSURANCE IS KNOWN AS THIS TERM

THIS IRS SECTION OF CODE IS ALSO REFERRED TO AS “CAFETERIA PLANS”

PARTICIPANTS OVER THE AGE OF 55 CAN CONTRIBUTE AN ADDITIONAL _____ ANNUALLY TO THEIR HSA

THE ENTIRE FSA BALANCE IS AVAILABLE FOR USE ON THE ____ DAY OF THE PLAN YEAR

THIS IS THE TERM FOR THE AMOUNT A PARTICIPANT MUST PAY OUT OF POCKET BEFORE THE INSURANCE COMPANY PAYS ITS SHARE

THIS U.S. ACT OF CONGRESS DICTATES STRICT POLICY REGARDING A PERSON’S HEALTH INFORMATION

A PERSON IS INELIGIBLE FOR AN HSA IF THEY CAN BE CLAIMED AS A _____ ON ANOTHER PERSON’S TAX RETURN

THESE PLANS ALLOW EMPLOYEES TO SET ASIDE UP TO $300 PER MONTH ON A PRE-TAX BASIS PER IRS SECTION 132

THIS TERM REFERS TO A FIXED DOLLAR AMOUNT A PARTICIPANT PAYS FOR CERTAIN TYPES OF CARE

THIS RULE STATES THE MAXIMUM AMOUNT OF REIMBURSEMENT MUST BE AVAILABLE AT ALL TIMES DURING THE PLAN YEAR

UNLIKE OTHER ACCOUNT TYPES, HSA LETS YOU _____ MONEY

EMPLOYERS MAY CHOOSE TO ALLOW THIS, WHICH ALLOWS PARTICIPANTS AN ADDITIONAL TIME FRAME TO INCUR EXPENSES

FSA UNUSED CONTRIBUTIONS ARE NOT ROLLED OVER INTO THE NEXT YEAR

THIS IRS SECTION OF CODE IS ALSO REFERRED TO AS “CAFETERIA PLANS”