HSA FINAL Prep
Quiz by Jody McNelis
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63 questions
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- Q1In what ways can BenefitWallet receive HSA enrollments? Select the most complete answer.From a participant as an independent enrollment; From BNY Mellon as part of a back fileFrom the IRS as part of an audit; From BNY Mellon as part of a back fileFrom a participant as an independent enrollment; from the IRS as part of an audit.From a participant as an independent enrollment; From an employer as part of a file; From a health plan as an individual enrollment30s
- Q2True or False: To be eligible to open and contribute to an HSA you can not be covered by any medical benefit that exceeds the requirements of an HSA-eligible HDHP, such as a PPO plan or an FSA.TRUEFALSE30s
- Q3True or False: To be eligible to open and contribute to an HSA you MUST be enrolled in an HSA-eligible to HDHP.FALSETRUE30s
- Q4True or False: To be eligible to open and contribute to an HSA you can not utilize Veterans Benefits within the last year.FALSETRUE30s
- Q5True or False: To be eligible to open and contribute to an HSA you can not be enrolled in MedicareFALSETRUE30s
- Q6True or False: To be eligible to open and contribute to an HSA you can not be enrolled in Vision or Dental benefits.FALSETRUE30s
- Q7True or False: To be eligible to open and contribute to an HSA you must be a minimum age of 25.TRUEFALSE30s
- Q8True or False: Employers and health plans can require a participant to open an HSA with a specific financial institution.TRUEFALSE30s
- Q9Michael signed up for the HDHP as a new hire with his employer, who sent his HSA enrollment request over to BenefitWallet. What is the first communication Michael can expect from us?A debit cardA welcome kitA disclaimer packetA checkbook30s
- Q10Who is responsible for ensuring that married couples who each have their own HSA with BenefitWallet do not exceed the total annual contribution limit between them?BenefitWalletThe health planBNY MellonThe married couple30s
- Q11Of the items listed below, which one is not an action that can be completed on the website?The ability to request a fee waiver.The ability to view/download a Welcome kit.The ability to view/download forms in Spanish.The ability to view tax forms.30s
- Q12True or False: Patriot Act/CIP screening seeks to verify the social security number of the account holder.TRUEFALSE30s
- Q13True or False: Patriot Act/CIP screening seeks to verify the name of the account holderTRUEFALSE30s
- Q14True or False: Patriot Act/CIP screening seeks to verify the date of birth of the account holder.TRUEFALSE30s
- Q15True or False: Patriot Act/CIP screening seeks to verify the residential address for the account holder.FALSETRUE30s