HSA FINAL Prep | Quizalize

HSA FINAL Prep

Quiz by Jody McNelis

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Q 1/63
Score 0
In what ways can BenefitWallet receive HSA enrollments? Select the most complete answer.
29

From a participant as an independent enrollment; From BNY Mellon as part of a back file
From the IRS as part of an audit; From BNY Mellon as part of a back file
From 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 enrollment

63 questions

Show answers

Q1
In 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 file
From the IRS as part of an audit; From BNY Mellon as part of a back file
From 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 enrollment
30s
Q2
True 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.
TRUE
FALSE
30s
Q3
True or False: To be eligible to open and contribute to an HSA you MUST be enrolled in an HSA-eligible to HDHP.
FALSE
TRUE
30s
Q4
True or False: To be eligible to open and contribute to an HSA you can not utilize Veterans Benefits within the last year.
FALSE
TRUE
30s
Q5
True or False: To be eligible to open and contribute to an HSA you can not be enrolled in Medicare
FALSE
TRUE
30s
Q6
True or False: To be eligible to open and contribute to an HSA you can not be enrolled in Vision or Dental benefits.
FALSE
TRUE
30s
Q7
True or False: To be eligible to open and contribute to an HSA you must be a minimum age of 25.
TRUE
FALSE
30s
Q8
True or False: Employers and health plans can require a participant to open an HSA with a specific financial institution.
TRUE
FALSE
30s
Q9
Michael 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 card
A welcome kit
A disclaimer packet
A checkbook
30s
Q10
Who 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?
BenefitWallet
The health plan
BNY Mellon
The married couple
30s
Q11
Of 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
Q12
True or False: Patriot Act/CIP screening seeks to verify the social security number of the account holder.
TRUE
FALSE
30s
Q13
True or False: Patriot Act/CIP screening seeks to verify the name of the account holder
TRUE
FALSE
30s
Q14
True or False: Patriot Act/CIP screening seeks to verify the date of birth of the account holder.
TRUE
FALSE
30s
Q15
True or False: Patriot Act/CIP screening seeks to verify the residential address for the account holder.
FALSE
TRUE
30s

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